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HUNT’S
&
REPRESENTING THE
YOL.
§twispaptr*
INDUSTRIAL
AND
COMMERCIAL INTERESTS OP THE UNITED STATES
THE CHRONICLE.
The Financial Situation
Traffic
and
Railroad
Confederation.
71
Lord Lome
71
Monetary
and
English News
Short
Crops
Our State
sion
on
70
Commercial
77
Commercial and Miscellaneous
Commis¬
75
79
News
THE BANKERS’ GAZETTE.
Quotations of Stocks and Bonds
Railroad Earnings and Bank
Money Market, Foreign Ex¬
change, U.S. Securities, State
Bonds
and Railroad
Stocks
NO. 909
SATURDAY, JANUARY 19, 1884.
38.
CONTENTS
Railroad
MAGAZINE,
MERCHANTS’
Returns
and
81
Range in Prices at the N. Y.
Stock Exchange
83
84
Investments, and State, City
and
Corporation Finances...
85
82
TIIE COMMERCIAL TIMES.
Commercial Epitome
Cotton
88 I Breadstuff's
I Dry Goods
94
95
89
awaiting shipment in Russian ports, and with the Austra¬
lian crop now ready and promising a surplus of about 1^
million quarters, and then the Indian crop immediately to
follow, with our own not far off and a surplus larger than
a year ago of the old crop
still in farmers’ hands, there
seems little hope for our wheat speculators until prices
reach a figure at which consumers in some part of the
world will lift off their load.
At present, considering our
large supply* a mere trifle is going to Europe. The fol¬
lowing figures, made up from the statement of exports
just issued by Mr. Nimmo, of the Bureau of Statistics,
will illustrate this truth.
EXPORTS OF 15READSTUFFS FOR DECFMBKR ANI> FOR SIX
The dtt’ourdc.
The
Commercial and Financial Chronicle is
New York every Saturday morning.
published in
Dec.0
Entered at the Poet Office, New York, N. Y., as second-class mail matter. |
TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCE:
Annual
$10 20
(including postage)
For Six Months
0 10
do
subscription in London (including postage)
do
Sixmos.
do
do
£2 7s.
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Subscriptions will be continued until ordered stopped by a written
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for remittances unless made by Drafts or Post-Office Money Orders.
Liverpool OHSee.
Tho office of ihc Chronicle in Liverpool is at B 15 Exchange Build¬
ings, whore subscript ions and advertisements will lie taken at the
regular rates, and single copies of the paper supplied at Is. each.
A neat file cover is furnished at 53 cents; postage on the same, is 18
cents. Volumes bound for subscribers at $1 00.
9 Months.
0 Months.
Dec.
Dec.
0 Months.
!
Quantities.
Wheat! .buJ
For One rear
1881.
2882.
1883.
MONTHS.
5,234,6571 40,134,726
Flour.
..bbls.)
897,1"5,
4,462,557
Tot. in
bush.|
i
9,268,99(4
00,210,833'
Values.
12,790,85
$
$
$
8,147,117 75,089,076
1,031,815
4,533,984
i
87,543,245
17,087,790 117,822,550
59,959,004
2,814,244
72,758,102
$
*
10,712,834 08,989,275' 15,176,338 112,462,320
Corn & meal.)
1,782,590
4,484,584
1,896,919' 10,005,956
000,206
111,290
2,255,139,
299,384
Rye
92,300
Oats
137,170
8,605
14,165
155,699
8,907
183,137
Barley.....
18,391
12,911,093
401,355:
Ij 90,032,004 10,208,938]
Wli’t & Hour-
Total value..
8,3S9,340|
89,748,401
21,743,588
364,720
15,661)
178,483
11,811 ■
108,723
11,737)
12,088,549
1,679,112
13.806,400 J 12,113,915
reported—with a visible supply 13£
larger than a year ago and 171 millions
larger than two years ago, and with farmers’ holdings, as
we show in a succeeding article, in excess of either year—a
) WILLIAM B. DMA A Co., Publisher*,
total export of only 9£ million bushels in December* against
T9 Sc 81 William Street, NEW YORK.
!
^
Post office Box 958.
12J millions in 1882 and 10J- millions in 1881. Obviously
the
THE FINANCIAL
SITUATION.
present situation of wheat is not a reassuring one.
The
earliest adverse circumstance, and perhaps the
Our markets Lave nearly all of them been very much
disturbed during the past week.
The influences at work most demoralizing, with which Wali Street has had to
were so various as to affect many separate interests.
Not contend this week, was-the difficulty culminating in
crops, pools, earnings, railroads and construction compan¬ placing the North River Construction Company in the
This was foreshadowed in our
ies alone, but produce markets also have been the source hands of a receiver.
of no little solicitude.
Altogether, with the rumors afloat columns last week, but with the attending dissensions and
the stability of unnamed banking houses, Wall the rumors which followed of the probable appointment
as to
Street on Wednesday appeared to be on the verge of a of receivers of the West Shore, of the Ontario k Western
panic. The next day, the weaker holders having been and other companies, the results have been very disas¬
sold out, a better feeling prevailed, and yesterday the trous to a large number of the holders of West Shore
improved condition made further progress, mainly under securities. Truth is, the task the Construction Company
tne influence of the amicable settlement of the trunk line set itself to do was a formidable one, being nothing less
than the building of an entirely new trunk line through a
pooling arrangements.
As to breadstuffs the anxiety is not likely to be populous district where the cost of the right of way
removed until the extent of the losses which are inevitable alone was an item of no mean proportions. The managers
.....
wir
JOHN
in g.
„
more
we
have
million bushels
.
rmvi.
r lo 11).
Prices of wheat at Chicago have now
declined to below 90 cents without any improvement in
the condition, and until values reach a point at which
Europe will take part of our surplus there seems no
prospect of relief. With a stock of 35 million bushels in
sight here, of IB millions in stock in Great Britain, of
19 millions afloat for Europe, of 40 millions reported
is
Here
apparent.
seemed to realize
the
work before them and its needs,
secured ample means, a powerful
backing, and a large and increasing local
As a result, the road is now about com¬
support.
pleted and is physically in first-class condition.
And
yet by a strange combination of circumstances just
as
the
road is opened its entire length, the prohaving
financial
apparently
THE CHRONICLE.
72
are
overwhelmed with financial' burdens and
It would be difficult to fix the
forced to succumb.
Still another unfavorable circumstance has been the rail¬
jectors
are
responsibility for this. Perhaps, indeed, there is little
blame attaching to any one, for if there were not such a
general feeling of distrust the enterprise could no doubt
have raised for the future the money it needed, even as it
had in the past.
Moralizing will do little good now. The
road has been -built, and is in many respects a splendid
piece of property. It may have been built at an inoppor¬
tune time, not only as regards money, but as regards
1 voi. xxxvm.
road
earnings, which for the first week in January almost
uniformly showed a decrease. This was interpreted as indi¬
cating a permanent decline in the revenue of all the roads.
Accepting that conclusion, the public argued that so long
as
there was an open rupture threatening nearly every
railroad pool, such a loss of tonnage had a two-fold mean¬
ing—it not only meant less tonnage to be divided, but less
inducement to keep the peace, for it is always the bone
with little meat
on
another column
we.
it
that makes
the fiercest
fight.
In
give some reasons for believing that as
existence and that it is in excellent position for command¬
any falling off on account of diminished crops of
cereals is concerned, there is very little ground for
ing traffic and must be accepted in the future as no less a
factor in the problem the trunk lines have to work out, anticipating it.
On the other hand, the extent to
the
unfavorable state
of
trade may
than is the Lackawanna or in truth any of the older which
a (feet
railroad earnings, is an element of uncertainty which
roads.
It is not surprising that a fall of over 33 per cent in cannot well be measured. In this latter view, the decrease
N. Y. West Shore & Buffalo bonds, 25-J of which decline shown for the first week of January would have pos¬
has occurred since early in December, should have an sessed
greater significance, had it
not been that
it was difficult to tell whether it was not wholly
unsettling effect, particularly since within the past week or
the result of
the
more the fall has been accompanied by reports that wealthy
extremely cold weather which
holders who had bought the bonds for investment had sold prevailed.
The returns now coming in for the second
of January
would seem to show that this
out, and furthermore that an additional supply had come week
from parties whose losses in other enterprises compelled was the cause in many cases, for the St. Paul,
the
them to sacrifice these securities.
It was also claimed that Northwest, and the Omaha, all of which we reported as
the shrinkage in the Viilards and the West Shores had seri¬ exhibiting a decrease, now have an increase.
This is
ously crippled large numbers of capitalists, whose operations certainly a satisfactory feature.
Of returns for the year just closed, we have this week
m the market have within a few years
been very heavy, and
business. But that does not alter the fact that the road is in
far
that
banking houses and possibly banks had seri
ously suffered. So far as can be ascertained, however,
these latter rumors have slight foundation.
Banking
houses carrying the
West Shores on margin have
suffered very little loss, because a failure on the part
of their
customers
to
respond to the demand for
more
margin was followed bv the sale of the securities.
The same may be said with respect to the Viilards. There
are, however, brokerage firms who have been doing a
larger business than their means or prudence warrant
not only-in stocks but in grain and other staples, and some
of
some
these have doubtless
become involved
by the fall in
stocks and
as
the
Erie statement
for
the
month
of
October.
The
exhibit is very
favorable, and had a good effect upon the
market, but what a commentary it' is upon tbe facility
with which information is furnished, when the results for
the first month of the company’s ‘new fiscal year may
not
known
be
till
ten
after
weeks
the
close
of
the
month, and then at that late day become an influence upon
stock
speculation, while tbe results for the intervening
period still remain a matter of doubt. Tnere is reason for
believing that the showing for October—the figures for tbe
month exhibit
increase of
$200,000 in net on 1882
allowing in full-for the expenses of the New York
Pennsylvania & Ohio—may not be indicative of the pro¬
an
over
after
wheat, and this is probably the foundation for
the disquieting rumors which have been current for the gress made during November and December, which makes
the delay in getting out the monthly statements particularly
past few days.
Another and prominent cause of distrust has been the aggravating.
We should now have at least the November
Our table of net earnings last week con¬
controversy between the old trunk lines and the Lacka figures.
tained the November exhibit of the Onicago Burlington
wanna, which on Wednesday appeared to have settled
down into a prolonged fight.
This disagreement has been & Quincy and of Union Pacific, and that of the Pennsyl¬
a
threatening feature for weeks. Tne order cutting off the vania was published two weeks previously. Why can
Western connections of the Lackawanna at Buffalo was not the Erie do as well as these companies V
A particularly favorable statement of earnings made pub¬
not put in force until Wednesday, because until then it
could not be made effective, and the fact of the postpone¬ lic this week, is that of the Atchison Topeka & Santa Ee for
.
ment
gave
amicable
color to
settlement
a
report that negotiations for an
progressing favorably. On
Wednesday afternoon and Thursday morning, when it
was
ascertained
that
were
the order of the Commissioner had
actually been executed, a heavy break in these properties
carried prices to about the lowest figures recorded in
several years, New York Central falling on Thursday to
the lowest price since 1S7S.
But towards the close of
Thursday it was reported that Mr. Sloan had consented to
submit the differences in dispute to arbitration, and this
fact was the chief cause for the sharp re action which
occurred the latter part of that day.
The truth is, the
settlement which lias thus been perfected has a very
reassuring aspect, since on its face it shows not
only a determination of the combination to maintain
the pooling arrangement intact, but also the ability
and power of Commissioner Fink to enforce its obli¬
gations.
the late calendar year
(December figures being estimated).
(including in this the Southern
Kansas system) of $8,347,574, out of which the company
paid $3,221,575 for interest) sinking funds, and other
charges, leaving a balance of $5,122/J9J, equivalent to
about 3 per cent on the $50,913,200 stock outstanding.
Six per cent dividends were paid, calling for $3,4 14,502,
It shows
half
a
a net
revenue
in addition
million
was
transferred
to
renewal
$200,000 was
used for the fire insurance fund, and
allowed for depreciation in the- value of
materials
hand—after
fund, $250,000
on
was
all
which
there still remains
$758,437, and this has been carried to the credit of income
In these figures no account is taken of the land
account.
sales, which reached $1,155,033 for the year, the actual
cash collected
811.
even larger
It should be said that the
being
than this—viz : $1,304,company’s prospects for
good, since a large proportion of its
corning months are very
mileage lies in Kansas, and that State raised this season an
JanUAKY' 19,
THE
1884.]
enormous corn crop, as our
table
on a
succeeding
page
OHltONKTLE.
will
show.
fact in connection with railroad
earnings is the declaration by the Illinois Central not
only of its ordinary half-yearly dividend of 4 per cent, but
The extra dividend
also an extra dividend of 2 per cent.
was entirely unexpected, but is accepted as an evidence
of the company’s prosperity.
The management, however',
have not issued a statement of the income on which this
extra dividend is based, and in default of this and of
certain known facts, the step taken does not altogether
commend itself. The Illinois Central has hitherto been a
model of conservative management. May it not be going
now? With the beginning of 1883 it
a trifle too fast
assumed in full the obligations of its Southern leased line,
guaranteeing 4 per cent on the 10 millions stock of that
line, then made a 17 per cent distribution of this stock to
Another encouraging
its
continues, and from the character of the
inquiry it is inferred that bankers are remitting
the
proceeds of securities sold here on European
account, the decline in our market and the dis¬
quieting events since the beginning of the year having
tended to discourage foreign holders of American stocksand railroad bonds.
No attempt is made by bankers to
forecast the market for the future.
tional
demand
to
a
8
addition—aud
cent, and now concludes to
dividend of
2
per
cent
this at a time of general bus¬
per
further
cash
should
If the present excep¬
be
satisfied, and if by reason
sharp and more or less permanent decline in grain
this staple should be placed within the reach of
exporters^
the advance in sterling would be arrested, but there will
have to be a very free movement of exportable
products
to cause more than a gradual decline.
The following
shows relative prices of leading bonds and stocks in
London and New York at the opening each day.
of
soon
a
-
Jan.
stockholders
annum
make
in
India account,
(based on the holdings of the same in
treasury), raised the dividends from 7 per cent per
‘.its own
73
Lond’n
14.
.v. r.
Jan. ,5.
Lond’n
Jan. 10.
Lond’n
.v.i.
(trices.* prices. prices.*
123-59
121v$; 124 20
(24’g
524-30
114 Hi
1144s
114-30
20Sl
26g
24 52
2P4
j
24(56
*n,4
83*31;
S8?s j
8v80
IS.
Ijtmd’n n. r. Lond’n N.F.
prias.* prices. prices.* prices.
114-43
9,
*
Jan.
124 Vs
I23‘*
llPg
-
!
114!*
! 14-31
con.
17.
123-4(5
\ 23-1(5
(J.S.4bis.
2d
|
Jan
114-31
LT.S.4s,c.
•Cne
A. V.
pricee. prices.* prices,
!
114-30
2 l.g !
24-91
8S'7 ! 89*3'
124V6
1144s
24 fg
25 40
25*7
88/4
S9"8S
90' *
Cent. 134-41
1:5
183 35 1.52
1324* ! 13(5-78 13M
: 133*3(5
13(u*
and
financial uncertainty.
We 8.11. V.
<\. i 13 -it?
112-21
12
12
Mil -98
112 72
112 g
| U259
lit1}
have had as yet nothing except the monthly statements U uidim/ ■.*S'iU+
27 SI-*
<? ‘i
28-08+
bad* | 27 (50!- 554m ’ 27-4755“6
54-4
)nt.W’n
12-07
12>y
lc,! 10-25 cvF I'M IO!<j
104*
of gross earnings, and these show that on the Illinois and
P.-iui
92‘7i
9 ■*03
87-5-3
8J
89
88-00
93'*
87b; | 87")»3
87'*
57 '>
Iowa lines the company lost during 1883 about $177,000’ Can.Pue. 50 30 WM 553)9 55'7 53-73.* 55(4 ! 53 732 55 4 55 81
tch’ye,
as compared with 1882.
|
Now in this latter year, accord¬ L'lcables.
!
4-88
i
4*88'7
4-88 >7
4*S
4-8 S'4
(
ing to the company’s pamphlet report, the surplus income
*Expresse<lin their Now York equivalent,
was
only $155,875, witn dividends at the rate of no more
f Ue:i«Uuir
basis of $50, par value.
than 7 per cent.
1
Ex-interest.
That would not have been a very
favorable statem mt, except that the surplus was arrived
Money continues abnormally cheap, and this is not sur¬
at after charging Ft million dollars to new construction
prising when the fact is considered that the banks now
account
in Illinois.
In 1883 it was calculated that hold a larger amount of Cash and deposits than has ever
only half a million wou’d be needed for this purpose, been recorded at this season oil the year. As the domes¬
which would increase the surplus remaining from tic
exchanges favor this centre, the movement this way
$155,000 to, say, $900,000. But raising the dividends will probably continue large for the present at least.
from 7 to 10 per cent would add to the charge The
following statement, made up from returns collected
on that
account no less than $870,000.
So even, if no by us, exhibits- the week’s receipts and shipments of cur¬
reduction in net has taken place on the lines in Iowa and
rency and gold by the New York banks.
Illinois (under the reduction in gross), the year’s surplus
Ileceived bu
Net Interior
Shippejl hy
would be about all consumed, by the larger dividends paid.
Week Ending Jan. 18, 1.884.
X.V. Hanks.
\’.V. Hanks.
Movement.
Coming to the Southern line, we find that here the gros- Currency
#3.913.000
f 25 1.000
Gain +3,062,000
30,000
Guio.
30,009
earnings have gained $51 1,457 on 1882. We have no Cold
Total
und
tenders
#2,912,000
#250,000
(20Id
le^al
data as to the operating expenses-eilher for 18$3 or for
Gain.$2,692,000
any previous year, but Mr. Ciarke, the general manager,,
$JO.()oo of this Wits Jtr:insfn’Ti»<i in the shape of silver certificates*
in turning the properly over to the Illinois Central, esti
by it deposit of &old it) tile .Sub-Treasury.
mated that the road ‘could be operated fur about 09 per
The above shows the actual changes in the bank hold¬
cent of earnings.
Accepting that figure, the $4,359,993 ings of gold and currency caused oy this movement to
gross for 1883 would yield $1,743,997 net.
At 70 per and from the interior. In addition to that movement, the
cent they woiild yield only $1,307,997 net.
The charge banks have gained $1,100,000 through the operations of
for interest and dividends is $1,232,400, leaving in the Sub-Treasury.
Adding that item therefore to the
the one case a balance of $500,000 and in the other a above, we have ihe following, which should indicate the
balance of about $75,000, one just as likely to be correct total gain to ,the New Yoik Clearing II ruse banks of gold
as the other.
Southern roads are notoriously costly to and currency for the week covered by the bank statement
operate, and in view of that fact,' and the further fact that to be issued to-day.
whatever margin of profit remained after the 10 per cent
Week Eiuting Jan. IS. 1884.
j Into Bank*. (Jut of Hanks Hank
dividends, must have come very largely, if not exclusively,
Holdings.
1
from the Southern line, and bearing in mind also that it Hanks' Interior .Movement,as above +3.9 13.000
Uni i.*2.093.000
#250, OuO
1.100,900
(lain. 1,100,000
has never been possible to obtain any information what¬ Sub-Treasury operations, net
Total Kold ami leau) tenders
(lain. #3.792 O0O
#4.642,000
#250,000
ever as to the expenses of
this division, does it not seem
The Bank of England reports a gain of £18,000
as if the
management owed it to themselves, none the less
than to the stockholders, to publish the figures on which bullion for the week.
This represents £207,000 re¬
their action is based.
ceived from the interior and £249,000 exported.
The
Bank
of
France
shows
a loss of
1,025,000 francs gold
Foreign exchange has been active and strong this week.
The reason is that the supply of cotton bills is light, as i> and 400,000 francs silver.
The Bank of Germany has
usual early in the year, and there are very few drafts gained 14,200,000 marks since the last, return.
The
made against either grain or provisions.
The demand following indicates the amount of bullion in the princi¬
noticed last week to c >ver speculative sales for long hills pal E nopean banks this week and at the corresponding
to hold until they become short, and to remit on West date last year.
iness
depression
s
.
!
<
•
't
.
:
+
,
nr,
*
-
*
*
-
*
r
74
THE CHRONICLE.
[Vox,. XXXVIII.
necessarily ' large, yet the export
movement being small for such a prolific year, and the
Gold.
Silver.
Gold.
Silver.
South not making its usual demand on the North, our
£
£
£
£
Bank of England
21,500,273
21,254,288
surplus of that year’s grain leftover the first of July, 1883,
Bank of France
37,843,119 39,636,807 37,980,873 13,178,283
was
generally estimated to reach from fifty to seventy-five
Bank of Germany
7,209,175 21, COO, 525
7,409,750 22,229,230
million bushels, and by some even more.
Total this week
GG,543,567 01,237,332 66,644,911 65,407,533
Now with these facts in mind we are prepared to
Total previous week
60,389.067 60,720,832 65,080,737 64,674,790
understand the Agricultural Department’s figures recently
The Assay Office paid $1G7,944 through the Sub-Treasury
issued and their bearing on railroad traffic.
First, we
for domestic bullion during the week, and the Assistant
give the returns for the crops of wheat and corn for the
Treasurer received the following from the Custom House.
three years referred to.
Wre have arranged them so as
to
Consisting of—
bring the yield of the West and Northwest together in
Date.
Duties.
one
total, as it is the production of that section mainly
U. S.
Gold
Silver Cer¬
Gold.
Jan. 17, 188-1.
Notes.
Jan. 11...
••
12...
Jan. 18, 1883.
Cert if.
$46,000 $316,000
tificates.
sumption of wheat
that is reflected in
$9*0,000
$464,336 55
$12,000
6,000
7,000
31,000
36,000
114,000
278,000
8,000
5,000
4,000
38,000
292,000
21,000
203,000
73,000
of
Country
33,000
165,000
78,000
Ohio
“
14...
228,804 33
449,126 50
“
15...
459,864 31
“
16...
302,494 06
44
17...
280,447 34
78,000
123,000
122,000
$2,185,073 09
$42,000 $205,000 1,368,000
$569,0C0
Section
Corn (bush.)
1881.
Illinois..
Kansas.
N’br’dka
little broader view of the situation.
1882.
79,760,000
79,618,000
176,733,000
173,289,000
93,009,000
76,377,000
58,913,000
25,068,000
29,040,COO
10,252,000
MissTl..
Among the influences affecting Wall Street values
the past week is the falling off in railroad earnings,
which in so many directions has been apparent.
Loss of
traffic in the early months of the current year was gene¬
rally anticipated, but the prevailing idea seemed to be
that in the decline in prices during the latter part of 1883,
it had been largely discounted.
This supposition would
perhaps have proved true had not late disclosures of a
disquieting nature added to the sensitive condition of the
market.
At all events, as the reports of earnings are now
coming in and further aiding in unsettling values, it will be
of advantage to recall some facts which have a bearing
upon the general subject.
"Without expressing an opinion as to the actual traffic
the roads will secure during the next six months—a very
complex problem in the present depressed condition of all
our industries—one thing seems assured, and that is, so far
as the reported smaller tonnage compared with a year
ago
is due to a restricted'crop movement in the West, it is
mainly temporary.
We base this statement on the
detailed estimate of the crops issued recently by the Agri¬
Those whose purpose it is to exaggerate
cultural Bureau.
the feature of a loss in earnings, are constantly enlarging
upon the two patent facts, that we raised less wheat and
had a larger percentage of frosted corn in 1S83 than in
the previous year, leaving out of view all reference to the
other crops of that section, or to the larger surplus of
every description with which last year started, or the
smaller amount which has up to this date reached the con¬
sumer.
With the question presented in that partial way,
a conclusion very unfavorable
to the future crop move¬
ment is easily reached.
But the figures of the Agricul¬
tural Department now made public, compel one to take a
Wheat (bush.)
'
Iowa
RAILROAD TRAFFIC AND SHORT CROPS.
traffic reports.
our
PRODUCTION OF CORN ANI) WHEAT IN TIIE UNITED STATES.
Indiana.
Total...
was
Mich....
Wis....
Minn....
1883.
93,319,200
107,484,300
182,336,903
175,487,600
170,037,000
144,452,600
82,478,200
28,581,600
32,201,600
73,560,000
'
21,127,600
95,620,000
203,786,500
169,629,000
161,655,000
172,800,900
101,27S,900
21,412,300
23,579,300
15,124,800
1881.
1882.
ias3.
38,520,000
31,353,000
20,822, 000
18,248,000
20,399,000
19,909,000
13,840,000
21,220,000
17,987,000
35,952,000
43,453,600
45,461,800
52,302,900
25,487,200
27,538,600
31,248,000
18,300,000
32,315,400
2^,145,400
33,030,500
25,884,000
28,447,800
22,150,000
27,518,800
23,819,300
26,851,100
27,481,300
25,011,000
19,604,900
33,773,200
Total
•
West’n
608,119.000 1,037,506,600 1,038,446,700 244,250,000 332,283,400 260,541,400
Pacific
.
Coast..
Rost
2,938,900
2.615,200
384,050,000
576,579,600
510,004,995
©
48,180,900
49,513,600
of
C’ntry,
Gr’d tot.
in
regard to
94,903,090 123,721,170 110,009,500
1,551,066,895!380,280,()9()
1,194,916,000 1,617,025,100
With
is
-
2,747,000
504,185,470 420,154,500
the foregoing shows that there
aggregate no shortage whatever in the
referred to, and since, as stated, the surplus
corn
the
section
had
been
the
crop
the
reduced
of
to
a
mere
nominal
amount
when
harvested, arid was large
crop of 1883 was secured, the amount for
the railroads to
market
during the crop year of
1S83-4 must be considerably in excess of the amount
so
marketed during 1882-3.
Of course we are aware
of the claim that an important portion of the product of
1883 has been injured by frost mid rain and is unmerch¬
when
antable.
doubtful.
But
18S2
how
was
far
that
claim
will
be
sustained is
Mr.
Dodge, the statistician, says very properly
crop is ever free from immaturity and imper¬
fection.'’ #At all events, the corn is raised and the-ques¬
tion of condition is only one of degree, which, whatever
that “
no
be the result, cannot affect traffic reports, except in
next summer ; and even then if
the portion injured be fit for no other use, it will make
either whiskey or pork and in that way enter into railroad
tonnage.
As to wheat, the total crop for 1883 appears to be
420 millions, against 504 millions in 1882.
But, as already
stated, it is supposed that about 50 millions of the last
may
a
limited section, until
crop (taking the smallest estimate) was not marketed until
after the beginning of the current crop year ; hence de¬
ducting that surplus from the 504 millions and adding it
point these figures suggest is the surplus with to the 420 millions, we find that the amount the railroads
which the new year started, and that recalls the lack of have to move in 1883-4 compared with what they
actually
did
move
in
1&82
3
must
be
estimated
on
a
surplus at the beginning of the previous year, owing to the
crop and
very small crops of every description which were raised in surplus of 454 millions in 1882-3 and of 4 /0 millions in
1881.
No estimate of the yield made in the fall of 1881 was 1883-4.
So that as far as railroad traffic is concerned the
as small as the result proved, the shortage extending to all
crop of wheat ready to be marketed at the beginningof
articles of food and being so extreme as even to force a this crop year was really larger than the amount
large import of vegetables from Europe. Under such which was actually marketed last year.
Further¬
circumstances, consumption reduced
our
reserves of more, if we may judge
from the receipts at the
grain to the very lowest point. In 1882 the yield of eight Western towns covered by our weekly reports,
food products was quite the reverse, that is very abundant the quantity the producers have shipped up to the first of
almost everywhere, South as well as North, and in every January of this season
(including flour and wheat) is a
department. As a consequence, although the early con¬ little less than it was ur> to the same date last year, leav-
The first
January
CHRONICLE.
THE
19, 1884. J
supply still in farmers bands than there was at
the same time a year ago, while the stock in sight on that
day at the same towns which must be moved to market,
is also very much larger.
Certainly these facts afford a
very promising, rather than a discouraging, outlook for
ing a larger
breadstuff’s tonnage.
this
But
is
figures
cover
only
We have raised large grain crops
and wheat.
corn
These
all.
not
description this year. Had we the full returns
exhibit which could be made up would be even more
favorable. But adding only oats to corn and wheat, and
of every
,
the
giving the year’s production of each, we
ing aggregate results in bushels.
Gats
Crop
of 1873.
..
Crop of 1879
Cro^of 1880
Crop of 1881
Crop of 1882.
..
Crop of 1883
Corn
(bush.)
413,578,560
363,761,320
•117,885,380
416,481,GOO
475,655,700
571,233,400
1 Vheat (bush.)
1,388,218,750
420,122,400
1,751,861,535
1,717,434,543
1,104,916,000
450,470,505
408,549,868
1,017,025,100
1,551,066,805
504,185,470
i
80,280,000
420,154,500
Totals (bush.)
2,221,010,710
2,578,102,360
2,633,869,701
1,001,677,000
2,506,866,270
2,542.454,705
total production which is only
trifle smaller than that of the previous year.
This statement shows
a
(bush.)
obtain the follow¬
a
brought these facts together, simply as an an¬
exaggerations which are being circulated as
to the effect of short crops on this year’s railroad tonnage. It
of course by no means follows from the facts presented that
there is to be no decline in earnings in any section ; we
have • frequently indicated a contrary opinion, but
by
ascribing it to the correct cause, its locality, extent
and duration
better
can
be
determined.
For
instance, in the South the cotton crop is nearly
a
million bales short of the last one, while the re¬
We have
tidote to the
ceipts for the two seasons up to January 1 showed but
little difference; hence the whole shortage must be dis¬
closed during the nsxt four months, and the cotton
carriers must suffer.
Then, again, prices of produce are
low, and as a rule all business is quiet and unprofitable;
these
are
facts which cannot but leave a mark on tonnage
and passenger traffic.
For these and other reasons which
will occur to the reader the extent of railroad earnings for
the next six months is
a
question of
some
uncertainty.
OUR STATE RAILROAD COMMISSION.
75
hibitive, and condemnatory measures greatly increased.
While it can not exactly be said that the Commission has
turned a deaf ear to these demands, its action has been
in the main wise and conservative, and indicative of a dis¬
position to treat every question as having at least two
sides.
We have
mission
is
never
contended that
a
Railroad Com¬
State
On the contrary, we
a proper spirit the
creation of such a board might be of great public benefit.
With its functions chiefly advisory, and administered
in a spirit of fairness and justice, there could be no doubt
that a commission might do much good.
That there are
abuses that need correcting, and evils that need to be
redressed, has been only too patent. But no restrictive
or
prohibitive legislative enactment yet devised, has
accomplished their removal. On the other hand, the
handing over of the entire system of railroads to a few
officials, possessed of despotic powers, could only tend to
aggravate matters. Given a board, however, acting as a
sort of mediator between conflicting interests—possessed
of course of ample powers to make examinations and
investigations—impartially criticising and reviewing testi¬
mony and evidence, and anxious only to arrive at a cor¬
rect conclusion, be that in favor of one side or another—
with such a board, sustained by public opinion, railroad
managers would be sure to heed its suggestions and adopt
its recommendations.
The wisdom of a policy of this kind
had been illustrated, with excellent results, in at least one
other State, and New York’s year of experience under
it must now be added as further confirming its correct¬
altogether undesirable.
have maintained
that if conceived in
ness.
Commissioners gave of being
entitled to confidence occurred early last spring, in connec¬
The first evidence
our
tion with the veto of the Five-Cent Fare
Bill by Governor
Cleveland, which 'the Legislature subsequently referred to
the Commissioners.
The Commissioners
reported unani¬
mously against the expediency of the action propose:!, and
the most
pronounced member of the Board did no more
than recommend an extension
of the commission hours,
once the unreasonableness of the
reduction of fares, and the disposition
showing at
demand for
of the.Board
by the State Railroad Com¬
not
to
missioners of their first annual report to the Legislature
accept popular clamor unsupported by reason and
Another instance also
facts
as
a fair
basis of action.
makes pertinent a retrospect of the work of the Uommis."
sion during the biief term of its existence.
There can be evidencing the willingness of managers to accede to the
The submission
no
doubt that
this week
the Board has done better than was ex
such
a
Commissioners’ requests occurred later in the year when
in deference
to
the Commissioners’ recommendations,
Being the outgrowth of a strong public
(whether real or manufactured, is of little con and against its own inclinations, the New York Central
sequence) against the railroads, there was reason to fear decided to reduce rates for freight and passengers on its
New York & Harlem division, even though not compelled
that the Board might be more zealous to serve and ad
to do so by law and while such reduction entailed a large
vance the interest that gave it life, than to make disinter¬
ested and impartial investigations of the vexed questions loss in earnings.
The road did this simply because
the
in dispute.
managers wanted to make concessions to public
That it has on the whole given to either side
but little ground for complaint, is therefore a most en¬ opinion, which evidently was supporting the Commis¬
sioners’ recommendations.
couraging feature.
The usefulness of the Board in another way is amply
We do not mean by this that the course of the Commis¬
sioners entirely meets approval.
Nor that they have not demonstrated in the efforts which its members have made
made mistakes, which indeed were inevitable in any event. to secure more frequent and more detailed information
But considering the difficulties that have beset them, their about railroad affairs, the Board recognizing that one of
acts have in general been remarkably judicious, for they the crying evils of the day in connection with railroad
have done -some really creditable work and rendered management relates to the official secrecy which is so
efficient aid to both the railroads and their patrons.
The widely and so persistently practiced. It will be remem¬
pressure brought to bear by the interest antagonistic to bered that in August last the Board passed a resolution
the railroads can not but have been very great.
They requiring railroad corporations in the State to make
were the creature of that interest, and, besides, in the gen¬
quarterly reports of their operations hereafter (in addition
eral decline in stock values that has been in progress, and to the annual statements required by law), and that this
the collapse of many promising new undertakings, the aroused considerable opposition on the part of railroad
feeling of animosity against corporations of this class has managers at the time. The first report was to cover the
deepened, and the clamor for all sorts of restrictive, pro¬ quarter ended September 30, but as no returns for that
pected of it.
sentiment
THE
76
CHRONICLE.
period have been made, we presume that the Commission
must have agreed to accept the report for the full
fiscal year ended with that date as answering the same
purpose, and not have insisted upon a separate statement
for the single quarter.
In the ordinary course of events,
the return for the quarter ended December. 31 will be
due about the middle of February, and it is to be hoped
that the Board will see to it that the railroads fully comply
with the requirements in this respect.
But while the Commissioners in passing the resolution
have undoubtedly taken a step in the right direction,
it may well be questioned whether they have gone
quite far enough.
We will indicate two particulars
in which improvement would seem to suggest itself.
In the first place, the report required makes no provision
for comparison
with the preceding year, and the
necessary data for that year is not to be found in the
annual reports, the only returns heretofore made by the
companies. It is easy to see that without such comparispn
the figures for the present year alone might be nearly use¬
less, and in some cases positively misleading, for it is con¬
ceivable that in any given three months’ period a railroad
might net one-quarter or three quarters of its profits for
the whole year, or possibly make no profit at all.
The
figures for such period, standing alone, and made without
explanation, would furnish the public a very imperfect
guide indeed of the state of business. The Board should
certainly require comparisons on the important items of
'earnings and expenses.
Then another suggestion we would make is that
while quarterly statements are good enough' in their
way, they are hardly as frequent in some of their
ers
items
as
call for.
the
necessities
Take the
of the
situation would
seem
to
present time in illustration.
There is
anxiety to know the course of
traffic on the railroads during the next few months, owing
to the continued depression in all branches of trade and
industry, and also because of the introduction of several
new
competing lines. It is admitted that the value of rail¬
road properties will be largely influenced by the outcome
of these months.
Now the large class of small investors
have at least as much right to early information as direct¬
ors and officers.
But under the arrangement of quarterly
reports they will know nothing of the results on their
properties for, say, January, February and March, until
at the moment not
a
little
the middle of next
■
May, when the direction may have had
ample time to employ their fore knowledge by unloading on
the public.
The remedy is clear enough.
Let us have
monthly instead of quarterly reports on such items as
earnings and expenses, first estimated and issued within
ten days after the close of the month, and then with next
month’s estimate the actual figures for the previous month
could be
published.
course, the Commissioners’ recommendations and
suggestions have not all been adopted by the railroads.
But even where they have not been, their
investigations
have brought to view many new facts and much valuable
information, and thrown considerable light upon questions
previously little understood. In some instances, indeed, the
railroads were not in a position to comply with the
request
made.
For example, the Board recommended the aboli¬
tion of the elevator charge of one cent per bushel on
grain
at the port of New York, but the railroads did not see
their way clear to this, contending that the abolition of the
charge would be of no practical benefit to merchants and
at the same time would imperil the
pooling arrangement
with the roads to other cities, under which a uniform and
undeviating tariff is sought to be obtained. The Commis¬
sioners seem to recognize the difficulties inherent in any
Of
fV0L. XXXVIII.
attempt to deal with questions involving matters outside
the State
as
well
as
within
it, for in their report they justly
remark that “ in the inter-State
or
through-freight
aspect
“of the
“
“
question (of rates) it maybe said that little power,
resident within the State, can be exercised in its deter.
mination.”
In the matter of the
classification of
dry
goods too, which the Board recommended, the efforts of
the Commissioners have as yet borne little direct
fruit, but
that is a very complicated issue, and one in which the rail,
roads have at least as much at stake as the trades affected,
and would seem to be interested in
making any needed
change at the earliest moment practicable.
Altogether, then, the Commissioners have done much
to justify tlieir existence._ Of
course, the continued use¬
fulness of the Board will depend upon the spirit in which
the work begun is carried on in the future.
LORD
LORNE
ON
re
CONFEDERATION.
Since his return to
England the late Governor General
giving his countrymen the benefit of
his observation and experience as a colonial ruler.
Among
other places, his lordship .has visited Glasgow,
Birming¬
ham and London, and in each has had much to
say about
Canada, and about colonial rule generally. It is quite
evident that Lord Lome has made good use of his time,
while in Canada, in making himself familiar with the
land and its characteristics, and with the people, their ten¬
dencies and their wants; and the impartial judge is bound
of Canada has been
to
admit that the conclusions at which he has arrived
are
in the main
sound, and that the advice which he tenders,
if faithfully followed, will conduce alike to the welfare of
the mother country, and to that of her colonial children.
Of the different addresses the first place must be given
to that which was recently delivered at the Colonial
Institute, a Dody which gives special attention to colonial
questions, and whose object it is to promote in every
way the growing interests of the Greater Britain.
In this
address, while confining himself mainly to the Dominion
of Canada and Australia, he has in his mind’s eye the
entire possessions of the British Crown ; and it is very
evident that he feels the responsibility which rests on the
statesmen of his own generation, in connection with the
preservation of bonds of union between the crown and its
various outlying possessions and dependencies.
Lord
Lome’s connection with Canada has enabled him fully
to understand the value of American territory, and to
appreciate the enormity of the blunder which was made a
hundred years ago, when the work-of many generations
was
undone, and the strongest and most hopeful of ‘
Britain’s colonial children
forever.
were
lost to the mother country
The loss then sustained has
been
indirectly re¬
Huge colonial possessions have since been built
up.
Canada can boast of her five millions ; and
Australia will soon be able to speak proudly of her four
millions.
The growing strength of these great colonies
—their increasing numbers and their vast territorial
wealth—is year by year affecting in some way their rela¬
tions with the mother country.
The old questions are
coming up again—and they will come up more and more
—how to preserve parental authority and how to avoid
giving offense. It is the opinion of the new school of
statesmen and political philosophers that the colonies and
dependencies may be preserved in perpetual connection
with the mother country; that just as England at one time
grew into Great Britain by the union with Scotland, so
Great Britain is growing into Greater Britain by planting
and building up colonies and by extending her boundaries
levond the seas, and that all colonial policy must be
shaped with these ends in view. These views have
covered.
January
10, 1884.]
77
THE CHRONICLE.
British Parliament will abnegate its functions in favor of
and advocate as Professor Seeley,
and his “ Expansion of England ” may well be regarded any Council of Envoys, and it is doubtful how far the mere
of the new school. Lord Lome has privilege of tendering advice would be satisfactory to
as the text-book
colonies which, in a hundred years, will be more densely
proved himself a skilful and able disciple; and not only
is he convinced that the colonial policy of Great Britain peopled than the mother country.
There can be no doubt that there is something inviting
must be made subservient to certain definite ends, but he
in the experiment of building up a great colonial empire.
has well defined notions as to what that policy should be
Such an empire might add to the glory of Great Britainin itself.
at least it would give a few more titles to the Crown.
Lord Lome’s first principle is that in the matter of
But with no power to interfere with the tariff in the
legislation touching domestic questions the colonies should
be let alone.
He lays special stress on the tariff. Much colonies, with every separate colony pursuing its own
as the children may love the parent they are
so sensitive policy in the matter of trade, it is difficult to see how
confederations could prove any substantial gain to the
on all questions of economy that the
parent must not
commerce of the mother country.
interfere even if the discrimination should be injurious.
As a rule, colonies will be guided by what seems their own
interest.
The Dominion of Canada with all its boasted BXottetar]3i®ammcrctai^uglislx|3leiuB
affection for the mother country protects its own indus¬
RATES OF EXCHANGE AT LONDON AND ON LONDON
In Australia, New South Wales follows out the
tries.
AT LATEST DATES.
free-trade policy; but Victoria is protectionist.
Tney are
EXCHANGE ON LONDON
each guided by the principle of self-interest.
For the EXCHANGE AT LONDON-Jan. 4. Latest 1
found no such exponent
.
Rate.
Time.
Rate.
Time.
Date.
On—
Government to interfere in this matter
would
be, in the judgment of Lord Lome, suici¬ Amsterdam Short.- 12 2 @12*3
3
12*4 ]4 al2 434
dal policy.
20-37 bj
-1 Short.
Jan.
Protection and free trade, whatever the Amsterdam
20-53 @20*63
Berlin
20.37
4
Jan.
20*51) @20*03
Frankfort...
on
the
mother
must
to
the
effect
couutry,
be left
20*38
4
Man.
20-58
@ 20(52
Hamburg.
1201
4
Jan.
12*25
12-30
colonists themselves.
The men who would “ preserve Vienna
25*22
4.
25‘45 7i) 25*50 j Ian.
Ant worn
25 7)fi
22 3|
a! 2
1 Jan. 4 3
the integrity of the empire, on the old plan of dictation St. Petersb’g
25-18
4 Cheeks
2 5 3 8 ’h S> 2 5 • 4 3
| Jan.
Paris
25-20
3
Cheeks 25" 17 *1$ '»25*221ei
from the central hive,” are characterized as “ the Lord Paris
@25*52
3 mos.
Genoa
47-30
2 3
4 ti
n 4 (5 :i4
j Jan.
“Norths of our day.” The next point to which Lord Madrid
53
Jan.
517«@52
Lisbon
il(>
3
os.
■Jan.
Lome gives insistence is that the colonists should never Alexandria..
110
Jan.
4 Siirht.
Constant’ple
4’85 :?4
4 tel.trsf.
Jan.
be allowed to think that their interests are neglected- New York...
Is. 7l":$gL
tel.trsf.
4
Jan.
Is.
Tbjfl.
(50
d’vs
Bombay
Is. 73 j(jd.
4 tel.trsf.
Jan.
Is. 7hzd.
They should be taught to feel that they are as much the ; Calcutta
3s. 9 It L
4
Jan.
Hong Kong.
5s. 31id.
Jan.
object of care on the part of the Imperial Government in j 3>mrMTbai...
Montreal or Melbourne as in London.
The appointment j
[From our own correspondent.I
London, Saturday, Jan. 5, 1884.
of a High Commissioner on the part of Canada, to reside
is
As
usual
during the earlier days of the year the money
in London, is pronounced by far the most important event
market is in a very unsettled condition, but the tendency hasin recent colonial history.
It secures intelligent consider¬
been strongly in favor of lower rates.
Short loans have
ation for all questions in any way affecting Canada ; and it
been in very little demand, and are now procurable about
is suggested that if such an official had existed in times
2 per cent, while the rate of discount for three months’
bills
has declined to 2% percent. Such a movement was re¬
gone by, such bungling as is visible to day in the boundary
line of Maine, and such unwise concessions as were made garded as certain, and there Levery reason for believing that
the money market will relapse into a condition of depressing
on the Pacific Slope, would not have been possible.
Lord Lome looks with hopeful eye to the project of ease, such as in fact to indicate that .the position of mercan¬
tile affairs and of enterprise generally is most unsatisfactoiy.
confederation.
He sees no reason why the “same treaty
The re-payments of loans to the Bank of England have, it is
with a foreign power should not include various provisions understood,
been important during the last few days, and as
“for the various parts of the Empire.”
Queen Elizabeth it is generally recognized that the applications at that estab¬
was
Queen of England, France and Virginia. Why lishment for temporary help previously to the close of the
should not Victoria be Queen of Great Britain and year had been below the average, there is naturally an
expectation that as soon as the dividends on the public funds
Ireland, Canada, Australia, India and the rest? But con¬ have been distributed, the supply of floating money will be
federation must be confined “by no central and unwieldy
more than usually large.
It. is true, indeed, that a considerable
Parliament,” representing widely scattered lands and amount of imperial taxation is now being paid, but money is
vastly divergent interests, but by “a Council of Envoys, not at present much wanted for general purposes, and it is
who, by working together for each part, may consummate difficult to see how any improvement can immediately arise.
Money is dearer on the Continent than it is in this coun¬
treaties and enforce agreements.”
No country like
try, but this has been the case for several weeks past
Canada would be content with representation in the
without very materially affecting our gold supplies, and
British Parliament.
It would not submit to have its there is no reason why much influence should be produced
And if the olonies were now. As far as France is concerned, matters are so bad in that
representatives outvoted.
united in one body, the same would be true of Australia. country that the holders of stocks have, for some time past,
In the great scheme of Imperial confederation, Lord been selling freely on the London market; but there has been
no
visible sign that the purchases on our part have caused a
Lome’s hope of unity lies wholly in this “ Council of
strain in any direction.
The exchanges are adverse to us, but
Envoys.”
not to an extent necessitating any important transmission of
Lis lordship is not particular to explain whether
gold to Paris. • The New York exchange is still high, and there
this Council, in which ail the parts of the Imperial is no expectation of gold shipments from this country. The
confederation would be represented, would be above and Bank of England being in a strong position, the future should
be looked forward to with confidence; but unfortunately this
independent of, or only auxiliary to, the Imperial Parlia¬
is not the case.
On the contrary, though there are no feelings
Because Sir Alexander Galt has been useful in an
ment.
of alarm, the more general impression is that business for some
advisory capacity, he seems to have come to the conc'u- time to come will be conducted with the same caution which
sian, somewhat hastily and without having given attention has been a peculiarity for months past.
The proportion of reserve to liabilities at the Bank of England
to details, that a body of such men would be equally use
is
now
per cent, but at this period last year it was barely 30
ful on a larger scale.
The day is far distant when the
Imperial
'■
mos.
.
»*
**
44
“
“
.
“
4 4
a
“
41
it
“
mos.
-
44
•
“
.
.
.
.
mos.
.
mos.
44
O
44
4
....
,
..
)
n
-
....
..
44
..
O
....
4)
-
“
“
“
“
-
-
-
mos.
......
i
THE
78
CHRONICLE.
These low proportions are due to the period of the
year, as there are obviously special distributions of money in
progress. The supply of gold held by the Bank of England is
now £21,437,365, against £20,353,791 ; while
the reserve of
notes and coin is £11,570,695, against £9,684,091 last year.
The following are the quotations for money and the interest
allowed by the discount houses to-day and same day of the
previous five weeks :
per
cent.
I
London
Jrate.
Bonk
Nov. 30 3
Dec. 7 3
“
14 3
“
21 3
“
28 a
Jan.
4 3
Interest allowed
Open market rates.
for deposits by
Trade Bills.
Bank Bills.
Bisc't H'scs
Joint
Stock
Banks.
■
Three
Four 1
Three ! Four \
Six
Six
MonthslMonthsi Months Months Months! Months
!?
At
to 14
Call.] Days.
i
240 -*240 -2^0
200 ---2— \-^m
0
2;>10 —i2-40 —:3 0
—.2,40 —\2K«V
2 >10
2>A0
Annexed is
240_--j2)«
statement
a
20.03
2403
—
3
2'403
O’jT' i
3
--
3
3
03 >4 3
03 >4 3
—
—
—
3
0314
03 4! 3 03 4
03
3 !403 U
3
2
2
he>4-2>4
030.34034
2
03 I.,3>40\\%
2
124-24
03)4 3
030
i!
England, the Bank rate of discount, the price of
consols, the average quotation for English wheat, the price of
middling upland cotton, of No. 40 mule twist, fair 21 quality,
and the Clearing House return for the past week, compared
with previous years :
Circulation
Public
Other
deposits
18=3.
1882.
£
£
£
25,61G,G70
2G,419,700
7,90U,21G
6,286,726
25,927.678
deposits
25,8 iO,336
Goverum’t securities. 14,402,491
Other securities
25,557,765
Res’ve of notes & coin 11,570,695
11,375, S1 *7
29,115.715
9,684,091.
Coin and bullion in
both departments.. 21,437,365
Proportion of
1831.
£
26,161.075
6,266,724
24,350.77 l
13,237,477
26,004,128
9,837,959
20,353,791
26,953.840
9.072,151
2
4,735,625
15,858,146
23,659,128
12,315,436
20.249,034
24,269.276
reserve
to liabilities
JBank rate
Consols
Ene:. wheat, av. price
Mid. Upland cotton
34T1
3411
297g
3 p. e.
101 hjd.
39s. o,l.
5 p. c.
lOld.
40s. lid.
100.1.
44s. 3d.
41s. 1 Id
615, r,d.
9^d.
5»»,«d.
(i^jgd.
61:b(]t
10:54(l.
lOSid.
..
No. 40 mule twist
313g
5
lOd.
36ie
.
3 p. e
OS-'hxd
p. c.
Clearing-House ret’n. 144,551,030 1 43.920.000 159,719,000 161.622.000
The Bank rate of discount and open market rates at the
now and for the previous three weeks
have been as follows:
chief Continental cities
Jan. 3.
Hates of
Interest at
l)t
c.
Bank
open
Bank
Rate.
Market
Rate.
27.
Dec.
Open
7 link
Maria t
Rate.
20.
Dec
Open
Open
Market
Rate.
Market
3
20
0
3
2\4
3
-OH
O
Berlin
4
34
3.0
4
3H
3’4
3;*s
4
30
3 Vo
30
2f*:s
30
3>h
0%
34
obj
34
3.0
34
Brussels
3M
3%
5.4
34
Madrid
7
5
Amsterdam
—
34
—
—
—
4
3!3
30
3.4
34
34
34
r.
0
—
34
-
b
Vienna
4
4
4
4
4
4:
4
4
Ft.
Petersburg..
0
*>4
(5
«4
0
'*4
0
04
In reference
to
tlie state of the bullion market
during the
past week, Messrs. Fix ley & Abell remark:
Gold—Tim £o!<1 sent into ttie Bank sine:*, our 1 ;st,amount ing to £33.000
consist almost enr.ireiv of sov-ivis'.is. there-having been' a demand for
the Continent, and India sultieienf \y strong tonhsirh tin* balance of rlic
arrivals. Sovereigns to the value of £L i5,*00 have I.hm*-i withdrawn
for trnusmiss.on to Egypt and South America. The •‘Nile” brought
£15,000 from theWesi Indies, the ‘Neva” £11,710 from tin* Brazils, tli
“
•* Chimbor.«zo
he **
Chimbor.«zo”
Lafayette'* £59.0 0 from Central America, and tthe
£13,500 fiom Australia; total. £129.ilO.
The “lY-nt” has takeMl
£(!0.00'» io ihe Brazils, the ‘•Deccan” £I0,uOj to 13 niibay, and th
flic
“Sutlej” £25,OoO to Alexandria,
Silver—l he following arrivals have come to hand since, our circular of
the 27th ulr.: From Chili, £4mOOO; Liver-Elate £35,0( 0; West Indies,
£52,G09; New York, £ 15.000; River Plate, £32,0 m*; total. £*J10 (H)o.
The greater part of the above an iwd in time f.<r shipment this week to
the East, and 51d. per oz. standard was obtained, showing a slight rise
of 1-LOd. ner oz.
J lie market, is now quiet, and tin* quotation f. r this
day is 507b L per oz. standard. The P. Sc O. steamers have taken £ L5o,-
—
-
--
on
be¬
per cent stock at a minimum price of 98/£, with interest accru¬
ing from November 1 last, making the net price of subscription
£97 5s. 6d. per cent.
Messrs. Blake Brothers & Co.
'
announce that they are pre¬
pared to receive subscriptions to an issue of £1,300,000 first
mortgage 5 per cent gold bonds of the Chicago Milwaukee &
St. Paul Railway Company (Wisconsin & Minnesota division),
at the price of 95% per cent or £191 per bond of £1,000.
The
bonds are redeemable on July 1, 1921.
The National Bank of New Zealand, limited, announce that
are
empowered to negotiate tlie sale of £100,000 in deben¬
The minimum
000.
per
cent loan of £200,-
price at which tenders will be accepted is
£101 per £100 bond.
The nominal capital
of the companies brought before the
public last ytar was confined to £35,301,500, against £84,591,047
in tlie previous year, showing a decrease of £49,2S9,547.
'Hie
capital offered was £25,626,330, against £52,112,560, and the
total deposits were £6,542,152, against £14,194,629 in 1SS2.
The failure is announced of Air. Alexander Brogden, M. P.,
ironworks and colliery proprietor, for £723,530; and also of
Mr. Henry Brogden, for £720,645.
The suspension is also
announced of Samuel King Church, colliery proprietor, trading
as Church, Milsted & Cc, with liabilities estimated at £97,000.
At Liverpool, Mr. Charles Inman has failed for £60,000 ; and at
Bradford, Mr. John Faint Eisby, speculator in house and land
property, for £100,000.
The revenue returns just issued are fairly satisfactory. There
is an increase lor the past nine months of £1,031,066, of wliich
£820,000 is due to income and property tax, £153,000 to cus¬
toms’ duties, £190,000 to excise, £30,000 to stamps, £41,000 to
house duty, £150,000 to the Post Office, and £40,000 to the tele¬
graph service. For the past quarter tlie increase is £425,026.
13.
Bank
Paris
Frankfort.
Hamburg
.
England invite tenders
tures, being part of city of Auckland 5
i
cot
half of the Government of New Zealand for £1,000,000 four
they
Bank of
1884.
The directors of the Bank of
24-24
2
j
price at which tenders will be received has
been disclosed.
24-24
I24-24
showing the present position of the
3
2X03
--
The minimum
[Vol. XXXVJII.
Duiing the past
of
J ,1(
2,SOI tons,
year no
were
less than 720 steamers, with
a
total
added to the mercantile licet in the
United
Kingdom alone, and if to this be added 674 steamers of
932,961 tons, built in 18S2, and '630 steamers, of 925,000 tons,
built in 1SS1, we obtain the respectable total of 2,024 steamers
and 3,010,762 tons in three years.
Although small in compari¬
yet the number of ships constructed
on the Continent, espec¬
Sweden and Germany, form also a rot incon¬
siderable fleet.
Notwithstanding the dull state o/ the freight
market, the price of new ships has, until lately, been fairly
well maintained ; but now they are being offered
freely, and
several ready boats can be bought at prices which, in spite of
the existing depression,should be well worth attention. Second¬
hand ships are also cheaper, and of them there is a
good selec¬
tion.
The greater number of builders are now getting slack,
and seek orders; but the prices asked are still too high to offer
any temptation to speculators.
son,
ially i
i
F.m
nee,
The wheat trade
and the statistical
is still
in
a
most
dull and inanimate state,
position is a very unfavorable one to holders
and producers.
A visible supply of 35,500,000 bushels in the
United States, a stock of foreign wheat and Hour in granery in
this country of 3,000,000 quarters, and a supply afloat to the
600 to Bombay.
United Kingdom of rather more than 2,000,000 quarters, are
Mexican > ollars—The arrivals have been large.; tliev comprise £16,9,009 from the West Indies and £20.Ota) liom New, York.
1 ho bulk of quite sufficient to produce caution and stagnation; but the crops
the tirsf. amount, had been sold for arrival, an l 497gd. per oz. was
of tli*- Southern Hemisphere will be soon reaching this country,
obtained for the balance. The I’. & O. steamer has taken £ .52,304 to
China and the Straits.
afid the trade expect from Australia this season about 1,500,000
quarters. The Australian crop is unusually early, and samples
Brit
Brice of Bold.
of Si let r.
were expected
I1
by the mail delivered this week, but I believe
tin
Jan. 3.
Jan. 3.
y have not arrived.
When millers calculate how large is the
| Dre. 27.
| Dec. 27.
s.
d. | .«.
J
i
it.
present available supply, and record the fact that from Austra¬
d. |
Bar gold, line
77
9
77
9
liar silver, tln('..nz. 70;
.70 17-10
oz.
lia tlie harvest will proceed to India, Egypt and the extreme
Bar gold, contain’*:
1
llarsilver, contain1
20 dwts. silver..oz. 71 1()4 1 < 7 190
71
7-10
j ing-7 grs. gold..oz. m
south
of Europe at dates not very distant, -it is evident that they
Cake silver
•)4
! 74 17-10
8pan. doubio->ns.oz. 73 90 I 73 90
1
8. Am.doubloons, oz
73
S i J 73
SO 1 Mexican dots...oz. 490
.|f
can
have but one policy, viz., to buy from hand-to-mouthU. S. gold coin...oz. 70
3 -7 | 7(5
34, i Chilian dois
i
Ger. gold coin.. .<'■/.
Besides which, the re-opening of the navigation of Russian ports
Tenders were received at the Bank of England on Wednes¬ will let. Ioo-e a large quantity of ,produce which Russian mer¬
day for £1,516,000 Treasury bills. The whole of the amount chants must dispose of almost at any price. Tlie stock of wheat
was allotted at three months, tenders at £99 Ss/2d receiving
aJ Odessa is estimated at 5,000,000 cwt., being the largest quan¬
about 90 per cent, and above that ligure in full. The avetage tify which has at any time accumulated intlie port.
discount rate was £2 4s, 9d. per cent per annum.
Annexed is a return showing the extent of the imports of
The Oude & Rohland Railway Company, 1 iinire»d. ann >uuce tvival produce into the United Kingdom during the first eigh¬
that they are prepared to receive tender*.; for debenture bonds teen weeks of the season, the .average price of home-grown
of the underfaking to the amount of £500,000, bearing interest wheat, the visible supply of wheat in the United States, and the
at. the rate of 31.( per cent per annum, the principal and interest- quantity of wheat and flour estimated to be afloat,
compared
being guaranteed by the Secretary of S;ate for India in C utu-il* with pivv’ous seasons:
e
S
<
..<iz.
oz.
*'\i
!
January
19, 1884.]
33..110023——TThhee
33..11005467——TThhliee
3,096-The Grafton National Bank. Dak. Capital ,$50,000. Frederic
R. Fulton, Vice President; De Witt C. Moore, Cashier.
IMPORTS.
Wheat
cwt.21,537,329
Sarley
Oats..
8,237,534
4.783,834
Indian corn
Flour
FOR
SUPPLIES AVAILABLE
760,514
630,669
4,012,960
5,492,628
1882.
1881.
1880.
25,131,686
5, i 92,023
22,459,850
22.583.850
2,688,557
4,639,437
1883.
Total...,
'
15,430,COO
14,541,300
13,090,500
44,199,940
46,054,314
39,689,707
40,313,787
wheat for season.qrs.
Cashier.
Exchange National Bank of Louisiana, Mo. Capital, $50,000.
Dreyfus. President: Richard J. Hawkins, Cashier.
Farmers’ National Bilik of Kittanning, Pa.
Capital,
$103,000. John A. Colwell, President. Geo. W. Doverspike,
Marcus
42s. 7<1.
Id.
17s.
41s. 4d.
6d.
4Cs.
Cashier.
Visible supply of wheat
in the U. S
bush.3 3,125,090
First National Bank of Waverly, Iowa. Capital, $l( 0,000.
Cashier.
First National Bank of Huntington, W.Va. Capital, $50,000.
J. L. Caldwell, President.
M. C. Dimmick, Cashier.
First National Bank of Tullahoma, Tenti. C ipita1, $50,030.
30,000,000
17,900,000
20,630,000
J. H. Bowman. President; H. 8. Burr,
Supply of wheat and
flour afloat to
U. K.
2,161,000 2,112,000 2,911.000
Tlie extent of the sales of home-grown wheat, barley and
oats in the leading markets of England and Wales daring
qrs
the first
Lille D. Hickcrson. President ; 8aiir.li J. Walling. .7r., Cashior.
Correction'.—No. 3,037 Tae First National Bank of Brookings in¬
stead of the First National Bank of Braokliugs. >
In the First National Bank of Texarkana, Tex its; J. II. Drauglion,
Vice-President instead of J. II. I>aughou.
Th“ City National Bank of La Salle, Ills. Volunt irv liquidation Jan.
8, isS 1.
eighteen weeks of the.season, together with the average
prices realized, is shown in the following statement:
SALES.
qrs.
Barley
1,202,231
1,784.799
1831.
838.918
904,281
1,154,918
The
following
are
the
average
755,244
999,822
109,417
88,861
217,337
Oats
Imports
1880
1882.
883,175
1883.
Wheat
Calumet National Bank of South Chicago, Ill. Capital,
Horace P. Taylor, President; Clark P. Wilder,
$50,009.
17,365,560
Av’ge price of English
Cashier.
3,098—The Manufacturers’ National Bank of Minneapolis, Minn. Cap¬
ital, $300,000. J. W. Johnson, President. J. II. Ray, Cashier.
3,099—Tlie City National Bank of Hastings, Neb. Capital, $50,000.
Lyman II. Tower. President. Joseph S. Allison, Cashier.
First National Bank of Wabasha. Minn. Capital, $50,000.
Lucas Iluhn, President.' Bruce Florer, Cashier.
Citizens’ National Bank of Grand Is'aud, Neb. Capital,
$60,000. Andrew A. Koenig, President. D. II. Vieths, Cashier.
CONSUMPTION—EIGHTEEN WEEKS.
Imports of whcat.cwt.21,537,329
Imports of Hour
5,297,051
Sales of liome-^rown
produce
6,17(5.390
4,595,803
1,119,155
890,551
9,293,717 13,640,089
2,688,557 4,639,437
Stebbins,
R.
$50,000.
5,370.340
520,044
815,054
577,714
7,450,389
5,554,790
Billings, Mon. T’y. Capitol,
President. H. H. Muntl,
Bank of
First National
William
3,097—The
25.131,686 22,459,850 22,583,850
592,102
974,927
9,835,2.(6
5,297,051
Peas
Beans
1880.
1881.
1882.
1983.
,
79
CHRONICLE
THE
t
Wheat.
40
6
1882.
s.
d.
41 4
Barley
33
0
34
last
week, show an in¬
in both dry goods and general merchandise.
crease
The
total imports were $9,293,951 against -$3,061,9S0 the pre¬
ceding week and $7,413,394 two weeks previous. The exports
74,614
1880.
s.
d.
1881.
s.
d.
Exports fop. the Week.—The imports of
week, compared with those of the preceding
prices for the season (per qr):
1883. *
s.
d.
and
7 for the week ended Jan. 15 amounted to $6,474,595, against
33 10 $6,413,607 last week and $5,432,515 two weeks previous. The
19 4
20 10
Oats
20 10
21 7
following are the imports at New York for the week ending
Converting quarters of wheat into hundred weights, the
(for dry goods) Jan. 10 and for the week ending (for general
totals for the whole kingdom are estimated as follows :
merchandise) Jan. 11; also totals since the beginning of first
1883
1882
1880.
1831
4
34
0
13,090,500
11,511,300
15,430,030
cwt. 17,365,560
Wheat*
42
47
7
week
corn
following
Wheat
Flour
Indian
present.
qrs. i ,853.090
1,92-1.000
com.
The weather is very
$3,607,890
$3.04“.1 70
5,707,954
$2,8 la,798
0,935,930
$9,434,024
$10,003,820
$8,755,1 24
19,296,951
$5,056,870
$5,756,925
$5,393,316
$5,481,312
Qi-n’l mer’dise..
11.180 660
12,707,633
1 !
,562,772
11,877,589
r•••ml 2 weeks..
$10,237,530
$16,956,08-
$17,358,931
fen’l mer’dise..
Total
Since Jan. 1.
Cry goods
114.000
234,009
209.<00
118,090
210.0.0
318,* 00
236<)-i0
268,0 0
mild, the temperature in London being
in
deg. Fall. There has been nnicli f g throughout the country
during the last fort.uight; but, as far as agriculture is con¬
cerned, the accounts are favorable, the autumn having been
propitious.
52
of
report- of the
our
The
by cable as follows for the
Wed.
Pennsylvania
Philadelphia & Reading.
New York Central
138
60 Hi
29%
ID *4
50
‘:V>
1010.,.
SOI •u
760'0
117 %
1 26
57 %
94
27
138
‘4
.
60
%
19
lo
116%
50
101 lo
101 %
76-60
117 %
,126
57 %
91 lo
25 %
1 37
|
60%
1
....
Illinois Central
are
reported
:
Thurs.
2.8 %
1115
50 %
101 lo
ll 1 %
76-4 V %
117 %
1 26
1 %
89 %
X>
25%
136
60
28 lo
115 %
50 %
101 lo
10! %
76'7
$6,151.636
5,940,13 1
$7,007,203
7,319,92 1
$6,4 74,595
Total 2 weeks..
$13,252,797
$12,091,770
$1 4,357.124
$12,888,202
s.
8tate)..100 lb.
“
Spring, No. 2, old “
8pring, No. 2, n.. “
Flonr (ex.
Wheat, No. 1, wh.
11
«
8
8
9
Winter, South, n
“
S
Winter, West., n
“
8
Cal., No. 1
“
8
Cal., No. 2
“
5
Corn, mix., new
“
Pork, West. mess.. $ bbl. 64
Bacon, long clear, new.. 41
Beef, pr. mess, new.to. 93
cwt.
45
66
d.
9
Mon.
s.
11
7
1
8
3
8
6
11
5
4
8
0
0
0
3
0
8
d.
9
4
1
3
9
8
8 6
8 11
s
5
65
41
93
45
66
5
4
0
0
0
6
0
Tues.
s.
11
H
8
d.
9
7
1
8
9
3
8
8.
8
5
5
65
0
10
45
6
0
0
67
0
93
.9
9
3
3%>
Wed.
s.
11
8
8
8
9
8
8
8
5
65
to
93
45
67
d.
9
7
1
3
8
5
9
3
3%
0
6
0
0
6
SPECIE AT NEW YORK.
90
91
25%
O
Imports.
Exports.
'■
1 17
127 %
f 6 ‘B
Gold.
Since Jan. 1.
Week.
$......
$
Great Britain
%
110
Week.
Since Jan. 1.
$
$
10,451
15,709
FrB.nctt
60%
28
*2
1 1 1
fo
>4
28%
1 15 %
Germany
60
West Indies
Mexico
d.
s.
9
7
1
3
11
8
9
8
9
8
5
8
9
7
1
r>
8
5
8
9
8
9
3
8
5
3
>
<1
G
10
6
0
91
1 5
0
67
6
45
67
0
0
6
8
8
3%
6
Silver.
Great Bi itain
'
$1,500
$1,500
1,50 )
1.285
1,500
$215,002
$475,252
30,972
30,972
France
$10,451
7,490
99,458
West In ies
Mexico
Booth America
All other countries
Total 1884
Total 1883
Total 1882
3,101
.
32,266
2*30*6
$24 8,27 4
266,106
2.300
j
$508,524
107.800!
531.535
33 >,039
$24,233
33,003
189,700
$
$
German
3%
2,500
24,124
<0,869
1,133
$35,370
$88,626
27.190
71,331
70,925
56,217
imports for the week in 1884, $6,560 were
coin and $604 American silver coin. Of the
exports during the same time $1,500 were American gold coin.
One Hundred and Twenty-Fifth Call for IT. S. Bonds —
The Secretary of tlie Treasury gives notice that the bonds
below designated will be raid at tlie Treasury of the United
Srates on the 15th day of March, 1884, and that the interest on
Of tlie above
American gold
following national banks have lately
3,091—The Wellington National Bank. K ins. O mihtl, $50,000. James
A. Mitirgard, President.
F. 1*. X“;d. Cashier.
3,092—The Willianistovn National bank, Mass. Capita1, $50,000.
Frederic Lake, President. Charles II. M thcr. Cashier.
3,093—Tne -ir.st. National Hank of L i (i ranee. G i. Capital. $50,600.
Lewis J. Render. President.
.1. <4. Ti not, Cashh-r.
3,094—The First National Bank <>t' Bonham. Texas. C unt il. $60,000.
W. A. Nunncleo, President.
A. R 8c irlmroiurh Cashie”.
3,095—The |«i|ipemieg National Bank, a*it*h. ('apifal, $30,' 00. Charles
II. JIHi, President.
Ingbert N. Oie. Cashier.
8,434
1.500
1,500
-
rip.a"
Twtal 1884
Total 1883
Total 1882
d.
s.
11
8
8
8
0
4 11 nt.ln-.r (-.(inn!
Fi ’i.
Thurs.
©mmucvcialautl BXlsccUaiiccrus ileitis.
National Banks.—The
been organized :
Jan. 12, and since
in 1883 and 1882.
6" '0
127
8
5
66
40
9 4
0,113,607
table shows the exports and imports <5f specie
EXPORTS AND IMPORTS OF
ioiolrt
117
%
no %
1884.
6,772,531
the port of New York for the week ending
Jan. 1, 1884, and for the corresponding periods
5<.: H
101 "is
f
WEEK.
1883
1882.
t
the
$6,480,268
The following
Fri.
1
(exclusive
For the week...
Prev. reported.
Jmit.li America
Sat.
Liver) >ool.
NEW YORK FOR THE
EXPORTS FROM
at
Silver, per oz
d. 50 %
101 •’B
Consols tor money
101 '•*4
Consols for account
Fr’ch rentes (in Paris) fr. 76 80
117 l8
U. 8. 4ics ol' 1891
126 83
CJ. 8. 4s of 1907
58
Canadian Pacific
95 h
Cliio. Mil. A 8t. Paul
27 %
Erie, common stock
Lard, prime West. $
Cheese. Am. choice
Tues.
Mon.
dry goods trade will be found the imports
1881.
week ending January 18
Sat.
London.
1 8,46 4,558
specie) from the port of New York to foreign ports for
week ending Jan. 15, 1884, and from January 1 to date :
daily closing quotations for securities, &c., at London
Liverpool,
y
6,482,153
•
dry goods for one week later.
The following is a statement of the exports
English market Kcports-Pcr Cable.
and for breadstutfs and provisions at,
1884.
1883.
1882.
$3,314,827
6,1 it),197
goods
i)rv
1832.
2,77 i,009
Lust year.
2,12 1.001)
Lust nucV.
Al
"lBSl.
For Week.
and India
are the quantities of wheat, flour
estimated to be afloat to the United Kingdom :
The
January:
in
FOREIGN IMPORTS AT NEW YORK.
at by multiplying the sales in the 187 mar¬
result is reduced to cwt. by multiplying il
by 4%. This proportion between the 187 markets and the totals for the
kingdom Is adopted t>y the London gram trade and is accepted by it as
producing a result approximately correct.
*This aggregate is arrived
kets above, by 3%, and that
said bonds will cease on that
1
I
day, viz. :
Act of Congress approved July
percent bonds issued under the
2, J 8$2. and numbered as follows :
$.•)••—')! iNo.
5ol to O’ig. No.
$lOU—Orig. No. 1,893 To Orig. No.
Orig No. 9,405 to Ori'u No.
Three
8 16, both inclusive.
5,1 16, Loth inclusive; and
9,469, both inclusive.
THE
80
$500—Orig. No. 2,110 to Orig.
$1,000—Orig. No. 15,015 to Orig.
Orig. No. 22,006 to Orig.
$10,000—Orig. No. 2:3,8 21 to Grig.
.1
Total
No. 2.353, both inclusive.
No. 16,450, both inclusive;
No. 22,b75, both inclusive.
No. 21,725, both inclusive.
CHRONICLE.
Ohio Centra).—At Parkersburg-,
$10,000,000.
numbers
marked plainly
of the bonds of
West Va., Jan. 15, Judge
Jackson heard an application to extend the jurisdiction of
Receiver Sharp of the Ohio Central Railroad, to
The motion was opposed by Mr. Swayne for the Central Trust
Corning, Ohio.
Company.. Judge Jackson reviewed the history of the ques¬
tions involved, and withheld final action for a few days, ac Mr.
Swavne’s request, until he could file an additional brief, lie
stated, however, that it was due for hitn to intimate the views
that had controlled him in the appointment of Mr. Sharp as
Receiver. He was strongly inclined to the opinion that the
court in this circuit had prior juiisdiction in this cause over the
court in the Sixth Circuit.
[1'here is a conflict of authority
between this Judge and the Judge of the Ohio Circuit as to
who technically acquired jurisdiction first.
Mr. Martin has
been appointed Receiver by the court in Ohio and ThoS. R.
„
Sharp by the court in West Va,]
Pittsburg City
—A press dispatch from Pittsburg.
Pa., January 17, said that attorneys representing prominent
citizens and taxpayers of Pittsburg had served a notice on
Mayor Lyon th&t an application would be made on the 26th
inst. to restrain the city and its officers from issuing bonds for
$4,600,000, under the provisions of an arrangement entered
into between the sub-committee of the Finance Committee of
Pittsburg and a syndicate composed of Henry Wheelen of
Philadelphia and John D. Scully and Wilson McCandless of
Pittsburg, which, it is claimed, is illegal and null and void.
Ronds to the amount of $1,400,000 have already been issued.
the annual
Lake Erie
road took place. The most important business before the
meeting was the proposed lease of the Pittsburg McKeesport &
A dispatch to the Philadelphia
Youghiugheny Railroad.
Press says : “ A plan for this iease was submitted.
Its salient
points are that the bonds of the road are to be guaranteed and
6 per cent annual interest guaranteed on its stock, subject
under certain provisos to an increase. The lease is for ninetynine years.
It was accepted by the stockholders. The road
Pittsburg k Lake Brie.—At Pittsburg, Jan. 14,
meeting of the stockholders of the Pittsburg &
coke regions, a distance of
fifty-nine miles. It was completed a few months ago, and cost
$5,500,000. The President of the Pitts. & L. E. road reports
net earnings for 1883 of $407,150, and the financial condition of
extends the Lake Erie’s tracks to the
the road as follows: Total mortgage, including capital stock,
$2,103,053: total scrip debt, $615,000; balance due on equip¬
ments, $50,014 ; temporary Joan, $200,419. The assets are, con¬
struction, $3,910,756, equipments $1,116,31S, right of way $485,356, real estate $365,590, and cash on hand $46,892. The undi¬
vided surplus is $750,517. A 10 per ernt scrip dividend was
The officers elected are :
President, John
recommended.
Newell; directors, David Hostettler, Jacob Henrici, James J.
Bennett, Herbert Dupuy, M. W. Watson, Ralph Bagaley, A. E
W. Painter, JamesM. fSchoonmaker, John Reeves, J. 11. Reeves
and D. Leet Wilson.
Joseph & Western.—The board of directors of the St.
Joseph & Western Railroad Company was recently reorganized
as
follows: Sidney Dillon, Frederick L. Ames, Elisha Atkins,
F. Gordon Dexter, Ezra H. Baker, Oliver W. Mink, James G.
Harris, Henry McFarland, Francis W. Williams, James C. Par¬
rish, William Stiauss Elias C. Benedict and Winslow Jurison.
The five last named are new men and represent the minority
interests in the management of the road, the receivership of
the property being terminated by order of Judge McCrary, by*
consent of all parties.
In the new board the following are the
executive committee : Sidney Dillon, Elisha Atkin*', F. L.
Ames, Elias C Benedict and William Strauss. Messrs. Benedict
and Strauss represent the minority interests. The foreclosure
suit is not terminated by this arrangement.
Texas k M. Louis—This narrow-gauge road of nearly 725
miles extends from the Mississippi opposite Cairo southwest ward
to Gatesville, near the centre of Texas.
The Central Trust
Company of New York, as Trustee, tiled in the United States
St.
Circuit Court its bills for the foreclosure of mortgages on the
two divisions of this road—the Missouri & Arkansas division
and the Texas division. The bills allege a. default of six
mouths in the payment of interest, and pray for the ,sale of
tire road, subject: to the rights of the bondholders, who have
not been
refunded
on
the former issues.
W. li. Woodward
was
appointed receiver.
President of the Texas & St. Louis
Railroad, said of the proceedings that they were friendly, and
that Mr. Woodward was his General Manager of the road. That
the present step appeared necessary in order to carry out the
readjustment and to protect the 92 per cent of stockholders
who have paid their assessment of 7Ti per cent.
The 8 per
cent of stockholders are partially Eastern and partially Western
Col. James W. Paramcre,
Some of them are interested in the Gould roads and are
anxious to stir up trouble.
Trunk Line Pool.—The effort to cut off Delaware Lacka¬
We-ter u from rail connections west of Buffalo has
wanna &
been made.
Under the direction of Commissioner Fink the
four trunk lines west from Buffalo published a large advertise¬
men.
ment
through bills of lading.
the Nickel Plate eight
car-loads of freight, and it was refused by the latter road,
when an injunction was issued enjoining the road fivm refusing
the freight. On Thursday* however, the Delaware Lackawanna
& Western agreed to accept arbitration by three arbitrators on
the question of its percentage in the trunk line pool, the per¬
centage which they ask being understood to be 15 per cent,
while 11 per cent only was offered by the pool.
—Messrs. Harper & Brothers have just published a little book
by Mr. Wm. Blaikie, entitled “The Bodies of Our Children.”
& Western had no authority to issue
At Buffalo the Lackawanna tendered
and.
The bonds described above are either bonds of the “ original*’issue*
which have but one serial umuber (duplicated at each end) or * substi¬
tute” bonds, which may be distinguished by the double set.of
(also duplicated at each end of the bond) which are
“original numbers” and “substitute numbers.” All
this loan will be called by the original numbers only.
[Vol. xxxviii.
giving notice to shippers that the Delaware Lackawanna
j
Mr Blaikie is also author ot the volume “ How to Get Strong
and How to Stay So,” a book published by the Messrs. Harper
a few years ago which has had a large sale iu this country and
abroad These books, as the names indicate, are devoted to the
subject of bodily exercise, and the one just now issued is
intended as a text book for use in schools, where physical exer¬
cise, Mr. Blaikie most reasonably urges, should become a
regular part of the educational course. It is hardly possible to
speak too forcibly of the importance of some regular methods
of physical training for boys and girls in this country, and Mr.
B’aikie’s book furnishes a simple guide for developing all parts
of the body by exercising different sets of muscles, according to
the methods therein indicated.
Already the sales of the book
are very promising.
.—The Manhattan Life Insurance Company’s thirty-fourth
annual report will be found in the advertising columns of the
Chronicle,
It, presents a clear statement of the business of
the company for the year just closed.
In the face of the de¬
pression in mercantile affairs the net assets of the Manhattan
increased over $250,000 last year, and its surplus as regards
policy holders now exceeds two and a quarter millions. Since
the organization of the Manhattan, in 1850, twelve million dol¬
lars have been paid to policy holders and nearly ten millions
inore in returned premiums, dividends, etc.
—The yearly statement of the Liverpool & L mdon & Globe
Insurance Company, published iu another column, is a hand¬
some
exhibit of tbe business of this iarge and conservative
company.
A special feature is the important difference be¬
tween the income and expenditure items.
The surplus shows
the large amount of $2,576,511, which is irrespective of the
the home office.
vast resources of
State Street, Boston, has issued
“Stock Fluctuations.” This is
a standard publication in B >sr.on, and gives all information re¬
garding the fluctuations of prices in that market, aud the
particulars of capital, dividend-*, rates of interest, dates of pay¬
ment and other details pertaining to the local stacks, as well as
the railroad stocks and bonds commonly sold there.
—Mr. Joseph G. Martin of 10
his annual pub’icatiou entitled
—The Canadian Pacific Railway has dec’ared its semi-annual
dividend at tbe rate of 5 per cent per annum, and warrants for
tile same wil1 be delivered on and after Feb IS, at the office
of Messrs. J. Kennedy Tod & 0 ».,6i William Street, New York,
or
Messrs. Motion, Rose <S Co.,
London.
—The Homestake Gold Mining Company has declared its
sixty-fifth dividend (^23,000) for the month of December, pay¬
able at, office of the transfer agents, L junsbery & Ilaggin,
Mills Building, on* the 25th inst.
Auction Sales.—The following, seldom or never
Stock Exchange, were sold at auction this week
Adrian II. Muller & Son.
HilO's
ShHrea.
100 Park Bank
....163
25 Mercantile Nat.Giank
120
4 5 Bank of Commerce
1 5 * m
10 Continental ins. C >
243 hs
Mellop'ii National Bank.l50L>
500 Continental MTg C ■
$2 50
25 Twin Kiv. Silver Mm’gOo .$1
237 Owyhee Mining Co..*
$1
50 Chiicott Patent Soap Co..$l
285 Oceanic Petroleum Co....$1
Stittrrs.
j
75 Am. Ex. Nat. B’k. 130h>«130
30 Ati’tio State B'k. Ii’klyn..130
1 < 8 Butelier’ A* Drovers’ B’k.. 1; !>L
1
5o Hank of America
20 B’k of N.Y.Nat. B’k’g Ass. 175
,,50 1 mpVs’A Tr’dVNat. B'k.267 li
"25 Leather M’l’rs’ Nat. B’k..172
-oo Lon it Island Hank. 11
L 1-1
Iso Mli-ritet National 13ank...l is
50
Meelmnies’ Nat. 13’kl5l'ti> 1 50
Merchants’ Nat. Hank
13LJ4
MTisiNat. B’k, ttr*klyn..l to'g
Mount vorris Hank.."
132
lOo National City Hank
207
400 Nat. (Jit zens’ Hank
1221*,
30o Nat. B'k of om*eel5712'rt) 155%
30 N. Y. County Nat. B’.k
i01
250 Oriental Bank
100161 tj
50 Sixth National Bank
100
2,:0 Union National B’k.170u4 7214
l,20o Bulls’ Head Bank
$20
250 Mercantile Trust Co
112^
150 Central Trust Co
2701s
50 United States Trust Co._.50L
115 Uni'-n Trust Co
302 a 382
100 National Trust Co
$20
20 > S ife 1 )eposit Co. of N. Y.. 115
70 Cent. N. J. ! and han’t.Co. 21
140
25
5oo
loo
50 Improved Dwell’gs Ass'ii. 80
30 Screw Dock Company
77
2 > U n i e n Ferry C ompany.. .1 75)
L 5 7 Li
32 N. Y. i Jowerv Ins. Co
.1 62 L,
40 Oi ietit il Bank
.1 7 L
40 Pa< ilic Bank..
.1 25
20 stll VV( sunt I m>. Co
.1 si
8 Par i-IL*. i ns. Co
30 United States Ins. Co... .1 31
1 L51*2
20 Lung I slant! Tus. Co
i)
25
10 2d Avi ‘aue H K Co
o
I Ob
00 t- rook! yu City KB. Co...
.
.
.
.
11 0
10
10
I t
sold at the
by Messrs.
Park B ink.
163 >*>
tVnlCn A Emp’m Ins. Co. 110
3d Avenue lilt. Co..
283
N. Y. Mut. Gas-Light Co..130
60 Williamsburg
Gas-L’t Co. 114
...
1,000 Savon do. Tern* Co
.$1
1 load a.
.$5,000 Kings Count v 6s, coup.
due IMS.»
....113>4&int
$5,000 City of N. 5'. 7s, AsGnt
Fund Stock
* 8**7
register'd, duo
113Ks A
$20,( 00 City td' X. Y. 5s, Imp’C
reg., due 1 s s l
10!4/j A
$5,< Oo City of N. Y. 7s, Inip’t
St’k rcg., due LsP2... 127 A* A
$5,000 County of N. Y. 7s, Ass.
F I.St k.reg, due 1003.112^8 A
$11.000 City o! N Y. 7s, Cr’t’n.
int
int
int
int
Water Main Sl’k leg., due
1000
1307* A* int
$15,000 N. Y. CouiPy 7s, rcg.,
due 1881
1()3:}3 A int
.$5,5(>o City of N. Y, Ox, Cent.
'Park iinp’t FM Keg. St’k,
due 1HSV.
lo‘)">8 A int
$2,000 Ced’rF 1 s A Minn. HR.
7s, eouj*. bonds.
112
.$100 U. S Trust Co. Rec’t tor
•
sub’n t > 10 sh. Heal Estate
Excli. A Anct Hoorn. 1 nTd 120
$2,000 Cent P k N A H. Hiv.
11H. Consolidated 7s. due
U 02. ..
120.A
int
.$1 000 h’way A 7t!i Ave.. HR.
1st 5s, due 15)01
101 HA int
$1,0 )0 N. 5’. Mat. Gas-L’t Co.
i st 6s, due 1602
104
.$2,175 Erie Canal Co. Bonds..$L
$3,000 City of Waterl’n, \Y is.,
coup,
bonds
$11
January 19,
THE
IS; 4.
I
V
S
K N
1
7
Feb
‘21-2
Fob
Fob
Jan.
$1 50
Ik:
Books Closed.
(Days inclusive.)
Payable.
Railroad*.
Camden & Atlanta*, pro!
Canadian Pacific
Cedar Rapids *fe Mo. Rivet*
Cheshire, pref
Illinois Central
Mill Creek & Mine Hill.
Mt. Carbon A I t Car
Scliuvlkiil Valh v Nav. Rlt
0
5
6
2 k
Moll
Jan.
Jan.
Jan.
1 Jail,
1° Jan.
1
10
Fd).
22
1
1 5
1 Jan.
22
to Feb.
1
1
1 insurance.
Continental
Knickerbocker Fire
Merchants’
Phoenix (Brooklyn)
Williamsburg City (Brooklyn)
Miscellaneous.
Iowa RR Land ppiar.)
Pullman’s Palace Car (quav.)
3k
3
5
5
10
On deni.
17
Jan.
)n deni.
<)n dom.
Oil deni.
$1
Fob.
Feb.
but more
particularly by the scarcity of commercial bills, resulting
from the diminished exports of breadstuff's and provisions in
The net result of these featur s is that the
the last month.
posted rates for sterling are 1}7 cents on the £ higher than a
week ago, the rates on the afternoon of Friday, the 18th,
being 4 85!7 and 1 88, and the rates for actual business as
follows, viz.: Sixty days. 4 8417@4 84:lf: demand, 4 87@
4 87'4: cables, 4 87’7(54 87 U ;
commercial bills selling at
4 83(a4 S3}7. against 4 8137(44 82 a week ago.
Continental bills have also advanced,-though not quite so
much
15
Fob
3
n
2'
15
Katik.
German American
unsettled during the week, partly by the fluctuating
for bankers' bills incident to the annual settlements,
.
When
Per
Cent.
Name of Company.
as
sterling.
States Bonds.—Undiminished strength and ad¬
vancing prices still continue the features of the government
bond market.
The threes rule nominally unchanged at par,
but the 4s are fully half a point higher than last Friday.
The closing prices at the N. Y. Board have been as follows:
United
Interest
O
Periods.
11
151 Fab.
2
to
The
YORK,
FRIDAY,
reg. Q. -Mar.
..coup. Q -Mar.
reg. Q -Jan.
coup. Q -Jan.
....reg. Q -Feb.
<fe J.
reg. J
it J.
ret:. J.
reg. J. it J
...reg. J. <fe J
A J
..resr. ,7.
JANUARY LS-5 I*, ill.
Money Market ami Financial
Situation.—The most
prominent incidents of the week have been the appointment
of a receiver for the North River Construction Company,
which was organized to build the New York West Shore &
Buffalo Railroad, and the application for a receiver for the New
York Ontario & Western Railroad Company, which has been
one of the principal promoters of the West Shore enterprise.
The New York Ontario & Western assessed its stockholders
and raised a *• construction fund” of $10,000,000. It also
raised $5,000,000 more by the sale to its stockholders, at 50
cents on the dollar, of $10,000,000 of West Shore bonds, which
it had accepted, together with $2,350,000 of West Shore stock,
as pay for building 77 miles of the West Shore road from Mid¬
This entire $15,000,(.00 and more
dletown to Weehawken.
apparently went to the* construction of the 77 miles of road,
the title to which the Ontario & Western turned over to the
West Shore and then took a lease of the line for 99 years.
Besides those above mentioned there have been rumors
of applications to be made for other corporations whose stocks
have been largely dealt in on the Stock Exchange in the last
year.
There have also been a number of failures of grain
speculators both in New York and at the West as the result of
the decrease in exports and decline in prices of grain in the
last month.
The effect of the foregoing features has
and depress the markets for both stocks
many
of
Jan.
12
Ja n.
Jan.
14
15.
Jan.
10.
Jan.
18.
Jan.
17.
Fail. \ 5
...
NEW
much
demands
Exchange.—The market for sterling has been very
ukci's7 (6a2CttC.
O
81
CHRONICLE.
been to demoralize
and bonds, and a good
both kinds of securities have touched lower prices
in the last week than ever before.
It seemed scarcely probable a week ago that the plethora
of idle money in the market would be greater and rates
But such has been the case this
interest lower than then.
week.
The amount of unemployed capital concentrated in
New York has been increased, not only by the distrust created
...
..
—
....
.
*’1414
114 4
Ml ik
*123 h>
123:5
114 k
123-5s M23Y
MOO
*100
‘128 k M 2 8
M 30 k *130=4
*132k
32:U
134=14
130 k
M
M3 Ik
*135k
114k *114 k
114k
11 tk
114k *114 k
124 k
124 k 124 k
*
1 24
124
124
*
100
100
*100
*178=4
128=4
*
114 k
*114k
*
1 24 k
124 k
*
128=4
130:4 *130=4 M 30=4 *130=4
132=4 *137=4 *132 k 13-k
131 =4 *134 =4
13 Ik *13 4 k
*
130
| 1 30 k 130k M3t k
This is the price bid at the morning board; no sale was made.
U. S. Sub-Treasury.—The following table shows the receipts
and payments at the Sub-Treasury in this citv, as
as
balances in the same, for each day of the past week:
*
well
Balances.
|
Date.
Receipts.
$
i
704.131 5)7j
1.17 2 824 5s,
Jail. 12..
14..
•*
“
“
15..
10
1,024.505 17;
17..
Is..
*3.8 ;2/15)1 07;
059,037 8 F
.
“
“
\
Total
.
the
Payments.
Coin.
$
$
08 115,444.832 01
74 1 15,329.980 19
37 115,318,034 93
04 1 1 1,755.700 3
1.001,992 57 1 10,9 19,58 1 73
1,24?),8 12
1.238,1 19
1,278.270
1.840.703
953,702 77,
1,151,313 40
8,077,814 09!
8.300,381 80
11
(.4795,142 50
Currency.
$
6.499.4 74 02
0,5 48,95)5 31
6,300,581 37
5.9 82,114 1 !
5/4MM9S 37
5,943,380 c5
Includes $2,798,000 gold certiticates put into cash.
State and Railroad Bonds.—The general market for rail¬
road bonds lias been affected by the same depressing influences
as the stock market, and early in the week followed much the
*
same
general
declining almost contimiously from Mon¬
Thursday, hut, unlike the stock market, the
not in the'last two days exhibited any such
course,
day morning until
bond market has
upward recovery. Confidence in this line of invest¬
apparently been considerably unsettled by the devel¬
opments in connection with the West Shore bonds, in which
the transactions have been enormous during the last week,
by the events of the last two weeks as above mentioned, but aggregating no less than $30,000,000. The range of prices for
aiso by the fact that the interior exchanges have recently the most active issues has been as follows, viz.: New York
The movement of pro¬ West Shore & Buffalo 5s ranged at C0;*4(449J»ojS-l^'Ca58 j5®;
been more in favor of New York.
Canada Southern firsts at 90(u95:!4(4 95J3; Denver & Rio Grande
ducts, and particularly of grain from producers' hands to the
consols at 8834^C87: East Tennessee 5s at 72(u 70(47147; Louis¬
primary markets at the West, has apparently culminated for ville & Nashville
general mortgage Gs at 04(49337: Erie second
the time being, and the money needed for that purpose has
flowed back to the Western city merchants and from them consols at 9213(48737(u 90J4C: Northern Pacific firsts at
to the jobbers in the Eastern cities.
This has made collec¬ 10237(410037(4^•■101?4@101Pjj; New York Chicago & St. Louis
tions in the interior more satisfactory, and cleared olf a vast firsts at 10DV@100}4@10V;v Oregon & Trans-Continental firsts
at 75{u70(u7237: St."Louis Iron Mountain & Southern 5s at 73@
amount of mercantile indebtedness.
.Nevertheless, there is as yet no sign of any disposition on 7073(471; Texas & Pacific land grant incomes at 44^(44037@
4»
the part of capital to take hold of securities representing new 43(441; do. Rio Grande Division firsts at 7437(47134(472
enterprises. On the contrary, the experience of the week has
made capitalists and investors in such undertakings inclined
to let go of their holdings of this class and turn them over to
at 7137(470; Atlantic & Pacific incomes at 21 ("20.
the speculating fraternity.
There was a moderate activity in State issues during the
The result of all the influences mentioned is seen in the in¬
week.
Louisiana consols sold at 75(475!£, Tennessee com¬
crease of money in the loan market and the lower rates of
2b>, do. 6s old at 3737, do. 6s new at 3737, Virginia
interest ruling.
Call loans on stock collaterals have ranged promise at 421
6s
deferred
at"9}7, North Carolina 4s at 83 and Missouri 6s of
about 2 per cent, but have frequently in the week been down
1886
at
104;V
to
per cent per annum.
Time loans on the same collaterals
are to be had for GO days or 4 months at 4 and 4}£ per cent.
Railroad and Miscellaneous Storks.—The stock market
Mercantile discounts also have been easier, and there has been was depressed during the greater portion of the past week by
a reduction of nearly 37 of 1 per cent in the rates, which are
the developments of financial unsoundness in various corpora¬
now 4 and 417 for the best double-name paper for 00 days and
tions above referred to, and by the still unsettled troubles in
4 months, and 5 and 517 for first-class single names.
the various railroad pools.
It was found that the report of an
The Bank of England statement for the week showed a gain of amicable arrangement for a pool on the Utah business by the
£18,000.
The percentage of reserve was increased during the Union Pacific, the Denver and the Burlington was at least
week to 40:>3' from 30}7 last week. The Bank of France premature
and that there had been no progress in the settle¬
reported a loss of 1,025,000 francs in gold and 400,000 francs ment of the other quarrels of the Burlington with the Union
in silver during the week, but the Bank of Germany gained Pacific and its allies; also that the Lackawanna was likely to
14,200,000 marks during the same time.
come to an open rppture with the roads in the trunk line pool.
The following table shows the changes from the previous These, various features caused an almost continuous decline
week and a comparison with the two preceding years :
in stocks until Thursday, when a turn for the better
was made by the announcement that the Lackawanna had
1882.
1SKL
Ditfer'nces fr'rr
1884.
Jan. 14.
Jan 13.
Jan. 12.
\ previous iceek.
agreed to submit all differences to arbitration. The Oregon
stocks of the Northern Pacific group, however, have declined
Loans ana dis. $329.8 97.200 pee $1,157,800 $317,891,200 $319,554,000
more than any others, and from causes special to themselves
7
00,529.200
02.4
7,800
Inc
68,0 10.20!'
5,193,200
Specie
1 7.5 20,700
20.158,000
rather than from the general causes above cited. Mr. Gould’s
48,400
Circulation...
11,(1 58.30 Roc
8,303,500 307,9 20,000 307.40 7,000
338.2 53.70* I
Net deposits
specialties also have been persistently hammered by the bears,
2 2,3 72,900
17,574.800
2,822,300
34,6 14.80 I no
Legal tendors
and next to the Oregon stocks have declined the most.
Pull¬
Legal reserve. $s v ( 3.925 Inc $2,070,375 $70,9 -o.oro $7 0.850,050 man Palace Gar, too, has boon largely sold.
Illinois
Central
81,104.000
S ,015,500
84, - 50,700
9 s, / 15 Oi'O Inc
Reserve held.
has advanced under the declaration of an extra dividend of
$7,253,350
70.709
Inc $5,939.1 75
$7.8
two per cent, and closes 237 per cent higher at 130.
51.075
$14,1
'
Surplus
of
1
no
.
-
decided
ments has
CHRONICLE.
THE
82
PRICES.FOB WEEK ENDING} JAY. IS, AND SINCE JAN. 1, 1884.
NEW YOKE STOCK EXCHANGE
HIGHEST
STOCKS.
[Vol. XXXVIII.
.Saturday,
Mondav,
Jan. 12.
Jan. 14.
PRICES.
LOWEST
AND
Tuesday, IWeduesday j Thursday,
I
Jan. 10.
! Jan. 17.
Jan. lo.
;
Friday,
ttie Week
(Shares).
;
!
Jan. 18.
Burlington Ce<l. Rapids A No.
5;>V
Canadian Pacific
52
88 V
65 V
Ml
*24 Hj
MG Q
Canada Southern
Central of New Jersey
Central Pacific
Chesapeake & Ohio
1st pref
2d pref
Do
Do
Chicago & Alton
Chicago Burlington A Quincy.
Chicago Milwaukee A St. Paul
Do
pref.
Chicago* Northwestern ...
121
91 V
115 M
1 1 G;i4
Mil
117 'h
*11 Hi
pref.
Do
Chicago Rock Island* Pacific
Chicago St. Louis & Pittsburg
*34
pref.
Chicago St. Paul Minn. A Oni.
Do
82 >«
...
j
■
...
’82*4
......
"82V; 'siv
.^.
j
.
50 V1
75
55 V 56 V
55 V
50 V 52 V!
50
50V! 49
89 V!
87 V 88*4!
90 !
88
87 V
04 V 05*4
64 V
GG78; 65 V 00 v
15
*14
*14
-15
15
i
14
|
j
>04
26
:
23
25 Hi *21V 26
,
*
16 V 16V *16
16 *2 17 V;
17 V1
135
135
135
135
1131V
121
i 119 V 120 Vi 119 V
121V 120
87 Hi 89 V'
87'.,
89-8 92 Vi
93 i
111
; 1134a
115 ' 1144a 115'a 114
114
115V
115Hi
V
117 Q!
UGHai
117-8!
142
115
142 Hi143
14 2 Hi 142 >8
1!GH; 1J G
117 !h 1 1G Hi 117 ! 11G
*
1 1 Hi
13 ! *1 1 Q 12 Hij ML
13
35
33 V 33 Hi
29 V 3 L V
55 V
56*8
52V|
8 i '*4
75
155
"70“ VO'
56*4!
50 VI
55V
17
56 V 5814:
50 Hi' 51V
87 V 87 Hi
G44a G5 Hi!
14 Hi 14 V
23
23
10
17
;
5G*4
49
50 V
87 V 87*4
88
1
04 *4 61 V
G5
!
*14
15
11
*22
25*o
23
15
15
17 V
135
134 V 135
.,
460
400
115
456
120*4 119*4 120
88-V 87 *4 38 Hi
114 Hi! 1134a 114 Hi
1154a! 114*4 H54a
142 Hi' 142
142
115
V HO
11G Hi I
13
I
20,145
327,114
2,003
55,595
2,800
1,918
7 55
13,700
]
pref.
Cleveland Col. Cinn. & ind
1,205
300
—
32
23
Cleveland & Pittsburg, guar
Columbus Chic. A i nd. Cent
Delaware Lackawanna*West.
Denver & Rio Grande
East Tennessee Va. * Ga
..
J;>n.
I
mi.
Jan.
17 118
Jan. 10 25*8
40
J
100|193
300 '
Jan.
49
Jail.
5,730 1132*4
11
si Hi
2,200 j 15 Hi
16
1,610
173,300 | 93 *8
'
-•
2GO
Long Island
Louisiana & Missouri ltiver
Louisville & Nashville
Louisville New A lbany A Chic.
Manhattan Elevated
Do
1 st pref..
common.
Do
Manhattan Beach Co
65
•
uu.
Jan.
Jail.
J an.
Jan.
Jan.
Jan.
..
89,100
300
1,400
.
M22
54
1124a
..
123 H> 122
51
! '52
113 V 112
50 7a
111**8
84a
17*2
9 *4
9:!4| *9*8
1 8 *4
19V 18*4
10')
130
*105
8G Hi 8G V1
8G
20 4a 27'a!
247a
70
*15
15 *2
*
pref.
Do
|
*.»»A
DO
New York Elevated
New York Lack. * Western..;
New York Lake Erie* West’ll
Do
prof.
New York* New England ...
New York New Haven* Hart.
New York Ontario * Western.
New YorkSusq. A Western...
Do
pref.
Norfolk * Western
Do
pref
Northern Pacific
Do
pref.
Ofiio Central
Ohio * Mississippi
M05
85
'l*2 >8
17 G *2
13*2
114j
j
-
.
’
1
25*8'
06 V
15
18 *2
-•>"8
‘a
38 Hi
24*.a'
52 *2
23
*8
13
00
j
:
i
Quicksilver Mining
pref
Western U nimi Telegraph
EXPRESS.
Adams
American
United States
Wells, Fargo * Co
INACTIVE STOCKS.
,
I
80,050
HI
854a
25*4
G8
15*4
854a'
5*o!
15
!
13
5
13
■‘4
*820
520
1
510
21*2*
24 V
21V
1,300
25,960
51**4
51Q
2*2
52
72.01 1
2 i V
2G
v;
V
26
•
13>i
OO
<H
132 '2 132 V
*
87h
! 13
,
13V
ea.’i ;».» -y
131*4 131*4
'
29 ' a
14 Hi
29
15 V
29
15
29 '4
2G '4
15
14*8
a2-*i 1
53'2
28 |
14 '4!
27 -2
1 8**4
VO
90
*21
*40 Hi
4 L >-
*89
91
90
25
20*2
40-*i
20*2
40*4
'89
20
40*4
91
*88
20
10
90
29 I*..
40*4 "
91
55 *2
-7:
in.
15
1,510
1,100
r-.
964a!
19V
18*4
77**ai
l.SQ!
29 *2
GOV1
9G *4
95
17 Hi
7a'*8
17**4
28*2
19
77
LS
30
91*2
16*2
74*8
17Q
28*2
914a
174a!
91*2
75'21
16V
73*a
17**1*
29 |
28*4
17
95*4'
9 lH
IT*4*
74*2*
17Q1
29 ’
J G H
72 V
1 1
59 *2 60
59 V 59 V'
j
121 *4 121 Vi 121
122
j
14
:
14
13V 13*2'
105 V 105 V' 105 V 105*2!
16
1
14 V
14*.a 11*4:
M35
169
13>
136 ;
1384a 138V M3 8
v * ■ •
»>1)
•).)
50
50
I
97
100
92
*95*4
93 V
"98*2 i’ob”
41 V 43
42 V 43 *.,
40 V 41V1
41
41V
111
110
i 109**4 111 Hi
109
113V 108 V 112
*5
6
*5
6
5
i
5
*4*2
5**4!
*25 V 30
30
*26
*25*4 30
; *25 *2 29*>a1
71 V 75 V
75
73 V 75'41
75 V
72 '2 7*1
!
G1
01
121 >2 121 V
*15
17
10G *4 106 V
....
..
121
121V
15
15
105 ’•l 106*4
95
17 V
74 V
17 *.1
27
57V 57 V
121V 122 '4
11 *2
13
105 V
105
......
|
■
'98**!
.
130
i M28
J 93 Hi 95
*56
GO
I 110 110
j
:
130
130 *i *129
130
94 *2 90
94 Hi 5)7
GO
GO
59
59
109*4 110 *4! 110*2 110 H
12!) *4 12!) 4a'
91*2 95'4!
GO i
59
109 Hi 110
138*
91
57
a i
110
40,900
130
100
2,400
8,002
*>07.
100
*95* *96"
5,072
28,472
V
1G V
14
27
"
18 V
16
29
V
GO
GO
122
122*2
12
13
105
105 V
15 V 15V
138
*136
200
45
41
40
43
91
90 V 92
91 V
41
41
42
41V
109
109V 108 V 1 10
*4 *2
5*->
5
6
*26 *2 30
*26
30
71*2 73 V
71*4 73 V
130
91
410
129 '2 129 V
95 V 95 H;
59
58
110
110
329,520
12,450 j
29,934.
1
‘2
i
Cedar Falls * Minnesota
10
11*2
11
12
12
an.
Jan
J an
Jan
Jan
Jail
Jan
Jan
Jan.
Jan.
Jan.
J an.
Jan.
J an.
J an.
J an,
‘.fan’.
14
Jail.
27
Jan.
51
Jill.
2,755
3,355
400
270
1,508
4,800
12,700
9,779
200
200,183
220
631
389
238
500
27
137 V
11534 129 V
9134 IO8H2
21'115 71 115*4
3 134
-9 110 H;
10 Hi
5
33
IP
30
3
7
91
54
7
5 124 Hi
47*
1*2
5 111 Hi
3
21*4
4 Hi
r.i
Ohio*
Oregon Short Line
Rensselaer * Saratoga.
Rome Watertown * Ogdensb.
United Co's of N ew J or soy
Homestako M ining Co.
Maryl aid Coal
'9
Pennsylvani t Coil
Spaing Mountain Coal
These
are
15
115
15
1 15
*11 *2
New Centr I Coal
the
10
'2
15
12
12
12
12
15
15
12
*.)
12
11'
14
12
M2
MO
15
14
12
>30
200
Jan.
Jan:
Jan.
'an.
Jan.
10
12
9
Jan.
Jau.
V
I an.
1
260
30*8
31
prices bid and asked;
30*4
no
31
30 *8
3!)11
30 V
sale was made at the Board.
31*2
30't
30 H
93 cash, “
‘30*4
under the rule.’
3,600
29
J
an.
ail’.’
22
57V
55
113*4
84
142
7*4
131 Hi
51*2
11*4
1!
99
J* an
129 *4 138
11
4
72
.39
23
85
103
9!
20*2
40
51
87
36*4
59 V
100 V
40 V
97 V
169 V
si*
14
9;} 33
90
94
i
20*4 fan. 10
78
Jan. 10
7
19**4 J an.
32
Jau.
5,
7 133
3
12
15V
47
21
II
35
80
17*8]
43
70*8 104 V
15
36 *4
29 *8 57 V
is!
69V
110 V
39 V
112 V
25
125
91V
150
44V
134
9V
46 V
88*4
126 V 135
94 V
88
3 130*4 Jan. 14
128'- Jail.
3
J an. 15
Jau.
91
97
Jan.
3
8
Jan.
50
GO
J an. 10 110*2 J an. 15
108
78
90
15
14 1 *19 V
192'-
.
1|
55*2
65V
128
7
Jan.
J an. 18
127
10
13
140
135
17 V
28
150
68 V
92
77
J an. 15
15
78
112 V
9
96
Jan.
9 90
32
1!)
15
Jan. 11
1 1
145 V
Jan.
139*2
12!
31145
r?
34
15
7
/;
19V J :t 11.
8 192 '•> * an.
8, 187H> 197
19
8
4
J an.
1 1
D
17
J an. 14
10
12
14
14
9
9 V J an.
9
280 V
2 GO
’ 2 3 i *2 j.m. O! 29 *0 3QV
31
78
157
1(»!
•
Mississippi, pref
140V
127*4
7!
57
J an. 2 122 Hi Jail. o' 118*4
14
1] *2 Jan. 17! 16**4 Jail.
11()5 J an. 4 106 '4.1 an. 12! 102 Hi
15
I
14 *4 J an. 16
17 V Jail. 10:
55
7 138V Jan. 121
122 Hi Jan.
56
! 40 J an. 17; 65 *8 Jan. 7
90
> 90 *4 .J an. 17 i 103H: Jan.
28
! 40 V Jan. 15; 44*4 Jan.
Jan.
7: 112*4
10S V J an. 14 117
5
! 5 J an. 151 5*2 Jan. 18
30
71 *.4 Jan. 18! 76*2 Jan.
7: 71V
Jan.
Jau.
122 V
I!
|ll!) V
10
35*2
128
Central Iowa
Chicago * Alton, pref
Columbi i A Oreenville, prof..
Dubuque * Sioux City.
90
88
23 V
gi
1,021 i 57 V Jan. 17' GlVJau*
3.121
71V
68 *4
G1
13
144a
Jan
Jan
Jan
65 Hi
47*4
7,! 23
Jan
Jan
Jan
86
11*4 23
45
75
5
10 v
38
46 V
72
97 V
4 195
200
Jan. 111 190
50
4
82 Hi
15! 51
Jan.
3i 130 Hi Jan. 18 124
148
11
84 V
83 *4 J 11. 17; ! 77.
17
51 I 17 *2 35 Hi
20'a Jail.
17
194a Jan. 7 i 13*2 33*4
5
17: 97 *8 Jan.
92**4 114V
3 G9
86 V
Jan.
58
13
25
2 48
40 V
Jan. 10
58Ha
18 35
Jan.
30
68
•li
15 42 V Jan. 10
53 V
38
10 84
Jan. 10
80
90
38
53
12 Hi
Jan. "8.
30 V
1G
*10
32
55
Jan. ll!
Jan.
8; "70
5)0
95Ha
77
93*2 Jan. 10
100*8
16
18
Jan.
7! 10
45
Jan.
35
4| 38
48*2
1G
I 0**4
30 V
l.SQJ an.
Jan.
33
18; 36
68*2
18: 23 >4 J an.
o!
19*2 34 V
17. 91 V J an. 10!
80
106 V
2
10*8 Jan. »|. 10
19*2
1 (>11-24
Jan.
120
129*4
17
Jan.
56
50 Hi 64 V
o;
17; 114 V .Jail. 5' 111 Hi 129 V
16
7
04t Jail. 9
15V
1G! 20
Jan. 5
13V 35
90
105
87
Jan.
83V 89 V
15
26 V 40 V
28 V Jan.
83
Hi 70 • Jau.
3
72
17*2 52 *4
17*4 Jan.
15 178
183
169
Jan.
10
15 V 29 V
lOHi.l an. .7!
1 1
5 Hi J an.
1)
4 V
8V
18
14
10*4 Jan.
21V
18
10
32
17
49 V
•li Jan.
17
Jan.
27
23*8 53 V
17 57 V Jan.
7.
49V 9.0 V
o
14 V
3*8-J an.
2 244t Jan.
36 V
*21
5
14 V
7
8
Jan.
29 >8 89
171 31VJan.
12
2.8
17
11V 1 an. 10
171 5‘9VJan. 10
40*4 61V
18
94 *2 Jail.
10 v Jan. 16
69'2-Jail.
132
Albany & Susquehanna
Jan. 11!
Jan. 10 I
2 !
Jan.
!I
100
100
Guo
300
20
20
29
9G
18 V
76 V
27*14 V
>
Jan
Jan.
Jan.
84 V
84 V
Jan.
2 '•> Jan.
<>•>
Jail.
.1 an.
2.3
Jan.
1 3 *a I an.
5 l *2 J an.
1 3 l *4 i an. 18* 132*2 Jan.
4
J an.
9
Jan.
52 '2 .J an, 10! 5 1 V J it 11.
Jan.
.26*4 i an. k»; 31
13 V Jan.
15*'i J an.
J an.
40
13
Jail.
J an.
SS
5)0
Jan.
Jau. 16! 20 *2 •) ail.
20
4
2
Jan.
Jan.
394a
J an.
5)0
90
J;t 11.
29 V J an. IS 32 V J an.
700
27 '2
13 ’a
J an.
Jan.
J an.
J am
23*h Jan.
50 V Jail.
231,592
13
an.
Jan.
176
36,38.4
37‘>-2
23 *2
l
G5
50**8
2
J
85
24 V
66 *2
13
1
-8'
Jan.
17 Hi Jan.
**805
23 V
I
J an.
J an.
55,780 1107b J an.
1,150
84a lan.
25 V' 107,420
',00
084a
15 Hi I
1,820
io*I ‘ YiV
8
-Jan.
Jan.
8G'*h
10*8
121*'.a
4 8 Hi
2,700
3
13*a
51*2
'h|
V
MISCELLANEOUS.
Pacific Mail.
Pullman Palace Car Co
V
15
—
Pittsburg Ft. Wayne * Chit;..
Oregon Railway * Nav. Co
G , '8
15
67
"22 ‘a
:
27 Hi
54
Philadelphia A Reading
American Tel. * Cable Co
|
Bankers’ * Merchants’ Tel
Colorado Coal * Iron
I
Delaware * Hudson Canal
i
Mutual Union Telegraph
\
New York * Texas Land Co..j
Oregon Improvement Co
1
925
500
22.375
100
2 1
■'13
Rich. •*> Allegh., st’k trustees.
Richmond A Danville
Richmond * West l”t Term’l.
Rochester * Pittsburg
St. Louie Alton * Terre Haute!
Do
pref '
St. Louis A San Francisco
I)o't
pref.
Do
1st pref.!
St. Paul & Duluth
Do
pref
St. Paul Minneap. * Manitoba
*
Texas
Pacific
Union Pacific
Wabash St. Louis* Pacific...!
Do
pref.
19
v■
_'-a
22*4
1G V
32
j
85**a'
25*4'
87s 10 V To”
51
V
85 *2
24-8
-1
Ml
Ohio Southern
Oregon & Trans-Continental..
Peoria Decatur* Evansvi.lt1..
Do
90
85
1G
38
14
32
19
......
.
85
24**8
00 Hi
15 7a
IGH11
.
20
19 V
86 V
20
88
s
I
1G V1
32
!
20 V
V;
88
! 8GV 88 V
1
10
”8
j
123
U 121 V 123
22*4,* 121
50
V
48 V 50 V
51
| 48*2
112*2' U0‘a 112*.a 111 V 112**8
9
9
9. !
84a
84ii
18
18
17V X1G V
130
130
*105
|
I
15
pref.
1G
33
Mo
Jan.
15
32*4 Jan.
GOO
12,GOO
Nashville Chattanooga A St. L.
New York Central * Hudson.
New York Chic. * St. Louis
-
Jan.
Jail.
11
GOO
.
Minneapolis * St. Louis
ex
Jan.
84
|
1,100
Milwaukee L. Sh. A Western
Do
l
} 29
GO
Memphis * Ch rleston
Metropolitan Elevated
Michigan Central
Kansas *
Pacific
Ohio
Essex
j* 434]'fan.
78 *v
78
75
48 7b
58*4 Jan.
53li Jan.
Jan.
‘>
64a Jan.
5^ Jan.
104a J an. 17; 124a Jan.
”’ibb
—
Missouri
Missouri
Mobile *
Morris *
80
.
22
High
82Hi Jan.
,
*>
Low.
7| 804a Jan.
7!
7'
2
6
2.
90
Jan.
2i 674a
Jan.
14
J an.
6! 15
25-8
| 23 J an.
17
15
Jan.
i
i 1334a Jan.
4136
119*4 Jan. 17 1224a
! 87 *4 J an. 16| 94*4
11134a Jan. 16117
1114 *4 Jan. 17:1 18 V
1142 Jan. 15! 147
|115 V J an. 17; 1174a
11 Hi Jan.
2
13*4
! 32’4 Jan. 15; 35
j 284i Ian. 15: 34 V
S978.Jan. 17! 95*4
! 64, Jan. loi 68
139
Jan.
5U39
2
Jan. 17;
2
18,890
2,700
Evansville* Terre Haute
Green Bay Winona* St. Paul
Hannibal & St. Joseph
Do
pref....
Harlem
Houston & Texas Central
Illinois Central
Do
leased line 4 p.e.
Indiana Bloomingt'n & West'll
Lake Erie & Western
Lake Shore
Do
Highest.
211,640 114*4 Jan.
pref.
Do
70
54 *.a
26,510
13,055 i 49
5,125 i S l M
21,155 03*i
Do
.
804a Jan.
814a Jan.
’
82 V
!
Lowest.
RAIL. HOADS.
Atchison Topeka & Santa l’e..
Boston A N. Y. Air-Line, prof.
For Full
Year 18? 3.
Range Since Jan. 1,1884.
Sales of
;
ui
THE
19, 1884.J
January
83
CHKONKJLK
QUOTATIONS OF STATE AND RAILROAD BONDS AND MISCELLANEOUS SECURITIES.
STATE
Alabama—
Class A, 3 to 5, 190b....
Class A, 3 to 5, small...
Class B, 5s, 1906
Class C, 4s, 1906
6s, 10-20s, 1900
Arkansas—
6s, funded, 1899-1900 ..
7s, L. Rock & Ft. to. iss.
7s, Mernp.A L.Rock RIl
7s, L. R.P.B. AN.O.URj
7s, Miss. O. & R, R. HR.,:
7s, Arkansas Cent. Rlt.j
Georgia-6s, 1886
7s, new, 1886.
i
endorsed, 1886
7s, gold, 1890
7s,
j
Louisiana—
Michigan
7s, 1890
82 %
.
117
do
Do
8
Do
A. AO
Chatham Hit
....I!
i
6s, loan, 1892
6s, loan, 1893.
N. Carolina— 6s, old, J.AJ.
0s, old, A. A O
No Carolina RIi.,J.AJt
1
Do • A.AO
.....
Ex-matured coupon—
i
Railroad Bonds. I
(Stock Exchange Prices.) j
Ala.Central—1st, 6 s, 1918;
Cen.—1st, Os,19-2:
Atl. & Pac— 1st, bs, 1910,
Balt. A O.—lst,6a,Prk.Br.
I
•;
120% 120%,
1st, consul., guar.. 7s. 124'4 125 j!
■ j
N.Y.Lack. AW.—1st, 6s "118 j 11
Del. A Hud. Can.—1st, 7s,*101 J
h
111
Alleg’y
ill.ht.A.B.Fe-4^1920;
Sinking fund 63, 1911.:
d—
*92
114
;
94
1
'
7s, 1891
1st, ext., 7s, 1891
,
jll-2 V;
112
117
127
Coup., 7s, 1894
!
to W. X. C. It It
Western Lilt...
Wil.C.A ltu.lt.
W’n. A Tar It.!
Consol.
Small
Ohio—
4s, 1910
Rhode Island—
6s, coupon, 1893-99
2%
3
102
34)
3734
37%
37 %
4
.
43
2%
40
40
40
(JO
41
54
9
—
It?
3-65s, 1921
'
Small bonds
Registered
‘
113%
!
1 IS %
110
110
110
1
Funding 5s, 1899
;
Do
Do
small
,.!
registered
...
113 % 114%
...
IfONttS.
Peun. Hit.—Continued— «
fat. D.V.A 1’. II."lst,g.,7s
123% 124%
Mich. Cent.—Con.7s, 1302,
Consolidated 5s, 1902
6s, 1909
Coupon, 5s, 1931
Registered, 5s, 1931—
Jack.Lau.A Bag.—6s,’91
!
101%
102 j
100 ’
MMil. A No.—1st, 6s. 1910.!
1 Mil.L.S.A\V.—1 st.6s.1921
Ci!
Ask.
District of Columbia—
'
6s, 188(5
iUlLHOAD
Del. L. A W.—Contiu
7sof 1871,1901
class 2..
Do
Do
Do
Do
Do
1869 \
uou-tundable, 1888. )
Brown consul'll 6s, 1893
Tennessee—6s, old, 1892-8
'6s. new, 1892-8-1900 ...I
6s, new series, 1914
C'mp'mi.se.3- l-5-6s,1912|
Virginia-6s. old
'
6s, new, 186(5-.
j
6s, new, 1867...
j
6s, consol, bonds...
j
6s, ex-null need coupon.
6s, consol., 2d series.
6s, deferred.
j
Special tax,class 1, ’98-9
1887 ....
6s, gold, coup., 1887
6s, loan, 1891
103
103
103
110
j
New bonds, J.AJ., '92-8
110
117
110
110
‘New York—
1
6s, gold, reg.,
%
South Carolina—
6s, Act Mar. 23.
1868-18981
Do
!
106
107
Bid.
SECURITIES.
Funding act, 1866-1900
104
105
’87
Ask.
•
IN. Carolina—Continued—
N. C.Rli. 7 c p’s off, J A J
Do 7 coup’s ott'.A. AO.
-
6s, due 1886
6s, due 1887
6s, due 1888
6s, due 1889 or 1890
Asyl'm or Univ., duo’92
Funding, 1894-95
Hannibal A St. Jo., ’86.
Rid.
SECURITIES.
Missouri—
7s, consol., 1914
7c. small
Bid.
SECURITIES.
Ask.
Bid.
SECURITIES.
BONES.
99%
106%
116
106
106
2d. 7s, 1898...*
Hi'
|
109
2d, guar., 7s, 1«98
■
! 99
Pitts. B.A B.-l-st.Os.lPl U ....
Rome W.AOg.—1st.7s,’91 |*i00
I 67
66
Con. 1st, ex. 5s, 1922
9S‘Hi 108
100 j;Roeh.A Pitt.—lst.Os. 1921 j 107
9J
;; 'Consol. 1st,
i:Minn.ABt.L.—lst.7s,1927 120
6s, 1922....}
H2-2
i Rich, w Al.—lM, 7s. 192d!
60
! Alb. A Susq.—1st, 7s... ------j
i*! Iowa Ext.—1st, 7s. 1009 *H9;%
Boat. Hartf. A E.—1st, (3
*12-j!
1
!
Rich.A
Danv.—Cons.g.,6s!
93
--2d, 7s, 1885
! 104Hi!.—-.. !| 2d, 7s, 1891
Guaranteed
---| 100
160%
*110
S’thw.F.\t.-lst.7s.l9lO
11*10'2
j Debenture 6s. 1927
1 60
1st,cous.,guar.7s,1906, 122 j
p. A No.—1st,os,
Bur.C.Rap.
No.—Is
124
A tl.ACli.—1st, p., 7s.,’97 pi08
.101 Hi
!
Par. Ext.—1st. 6s, 1921. *101
lstcous., 6s, 1906
1 1^0
Minn.ABt.L.—lst,7s,gu
tod *4
! Mo.K.AT.—Cen.,6s. 1920
Incomes, 1900........J *c'0
liens. A Bar.—1st. coup.| -‘Jl
IowaC. AWest.—1st, 7 s
109-s 109 *2 jtoeiotoVah—1st, cons., 7s.| ----104
1st, reg.. 1921
•,-••!■••••• !j Cows. 7s, 1904-5-6
C. Rap. la. F. AN.—1st,6s
65
83
68
*4
Bt. L. A Iron Mt. -1st, 7sj 116
Cons. 2d, income. 1911.
Deuv.A RioGr.-^lst,1900i *0/J4 108%
1st, 5s, 1921
1 *96
D)t
85
!! 2d, 7s. 1897
1
103
Bnf.N.Y. A Phil.—1st,6s
H7.*a 1 1st consol.. 7s, 1910
j’ II. A Cent. Mo.—1st.’90 10-1 Hi |
93
Arkansas Hr.—1st. 7s... 106 Hi
:!
i Mobile A Ohio.—New, Os.
y?%
9.0-4 • Denv.Bo. P. A Pac.—1 st,7s.
Can. So.—1st, int. g’ar. ar¬
196 Hi! 107
to
Cairo
A
Fulton—1
st
1 81
,7s.
RioG.Wesfc.-lst.Os
j!
Collat.
Trust,
6s,
J
I.Ren.A
1892.
1
-----id, 5s. 1913
.......
; 1U5*i
Cairo Ark. A T.—1st, 7s 105
! Morgan’s La.AT.—1st, 6s
H ‘4 ; Det.Mac. A Marq.—lst.Gs
Central Iowa—1st,7s, ’99
70 '4! 72
I**.’." 117 Hi
Gen. r'vA 1. gr., 5s, 1931
I
Nasii.Chat.
A
St.
L.~1st,7s;
East. Div.—1st, Os, 1912
- — -1 <80
|1 i.and grant, 3%s, B. A..
'
113
j tot. L. Alton A T. II.—1st.
i 100-H
- j
j'E.T.Va.A G.—lat,7s,1900 .70 Hi 72 ;! 2d, 6s, 1901
Char. Col. A Aug.—lst,7s
101 o
lll\
i N. Y, Central—6s. 1887..
;! 2d, jiref.. 7s. 1894..
Ches.A Ohio— Pur.ni’yfd. ^
1st, cons.,5s, 1930
IVd" 1
I03 Hi
103
104
’91
!| 2d, meome, 7s. 189-4
j
Deb. certs, extd. 5s..
!j N.Y.C. A H.—1st, cp.,7s! 131J4 131 i|i Bellev. A to. 111.-1st, 8s *1
tot.P.Minn.AMan.—Ist,7si/l07 ']()«
1st, reg., 1903
'
102 *, 103 Ha
!
11 mis. li. —7s,2d,s.f.,’85! 103 H>‘
2d, 6s, 1909...
! 109 1110
1
‘110
130
'
Dakota Ext.—(Kl»10..l iu9
•i Harlem—1st, 7s, coup..1
16 Hi 117 Hi
•110
9J»»
1st consol. 6s. 1933
! 99
Y.
j'N.
Elev’d—
1st,7s,
1906
2d,
extended,
5s,
1919..I
Chicago A Alton—1st, 7 s. '
110
li Mill’s Un.—1st,Os.l922.1 105 j
111%
I N. Y. Pa.AO.~Pr.l’n,0s,’95
3d, extend'd, 4 %s, 1923! 102*4
Sinking fund, 6s, 1903. j
\
,40
124
<sr, P. A I)ul.—1st,5s,1931 -----4th, extended, 5s, 1920.; 1 (J 7 ;’y 108 ‘-2 N. Y. C. A N.—Cen.,6s, 1910
La. A Mo. Riv.—1st, 7s. j
I
Trust Co., receipts
i
; 49 j Bo. far. Ry.—1st, 6s, 19201 40a
5th, 7s, 1888
1 109
2d, 7s, 1900
!
99
101
! 2d. 6s. 1931 ..!.... .:..c
i 97
126*2 N. Y. A New Eng. —1st. 7s
1st cons., gold, 7s, 1920.' ICO
St. L. Jack.A Chic.—1st
117 %!
:
1 > t cons., fd. coup., 7s..1
1st, 6s. 1905...
'jSlieii'd’h V.—1st, 7s, 1909P
110
1st, guar. (564),7s,’94;
io'o:»4 i(!()7y
*72Hi1 80
N.Y.C. ASt.L.-l8t,6s.l921
General, 6s, 1921^
2d (360), 7s, 1898.....
Reorg., 1st lien, Os, 1908;
toU
115
120
87
*4*
2d, Os. 1 <♦•_>;;
jJTcx.Cen.—1 st,s.t'.,7s, L909 407
lU<3
Long Dock b’ds, 7s, ’93.
2d, guar. (188),7s,’98.i,
I, 1st mort., 7s. 1911.
N.Y.W.Bh.A Hull.—Cp.osj
407
Buff.N.Y.&E.—1st,1916, 130
Miss.R.Br’ge—lst.s.f.Os
88
a 1T0I. Del. A Bur.—Main,6s
128 Hi 129*4
5y
*89*%
N.Y.
N. Y.L.E.A W.-New2<l 0
Susq. A W.— 1st, 6s
C.B.&Q.—Consol. 7s, 1903
"35
Debenture, 6s, 1897
i”
|| 1st, Da.vt. Div., 6s, 1910!
6s, sinking fund. 1901.. - - * - - -; - - - - - '■ , Buf.AS.W.—M. 6s, 1908.
92 Hi
•I 1st, Ter’l trust. 6s, 1910!
95*'
Midland of N.J.—lst.ds;
Ev.
A
T.
II.—1st,
couh.,0sP
5s,debentures, 1913 ...!
4
105
!
X. Y.N.H.A 11.-i std g.,4s.
ijTe.x. A N.O,—1st, 7s. 1905 *110
Mt. Vern.—1st, 6s. 1923; ----;
la. Div.—S. F., 5s, 191b! 104% ......1
-a
1st, Pa.
Div.,cp.,7s,1917
11
t
....
.
.
,
-
.
91
B.F..4S. 1919
Fl’t AP.M’rq.—M,6s.l920j
Gal. 11ar.A B.Ant.—1st,6s
abineDiv.-1st,6s, 1912 *
92*a
112:a 113Ha Nevada Cent.—1st, 6s
60
N. Pac.—G. 1. g., lst.ep.6s 101:4l01Hi Va. Mid.—M..me.,6s, 1927}
6
fbb
llti
Registered, 6s, 1921
p101
Walt. tot.L. A P.--Gen’4,6s
73 Hi 7 i
'
*89 ;a
Denver Div.—4s, 1922.. j
2d, 7s, 1905
Plain 48,1921
125 VI26 H
N.O. Pac.—lst,6s,g.,192<)'
Mex. A Pac.—1st, 5s.
C. R. I. A i\—6s, cp., 1917;
A- W.—(1’L
12 0H2
Noif. A
6s. 1931.
1931.!
Norf.
W.—G’l, 6s,
2d, 6s, 1931
68, reg., 1917
j 102 •;
*79
New Itiv’r— 1st.6s. 1932
Clr’n Bay W.AS.P.—1st,6s
Keo. a Des M.—1st, 5s. <
113
Hi 114
Ohio A Miss.—Consol, s. f.
’Gulf Coi. A B.Fe—7s, 1909
--Central of N. J.—1st.’90 •I:
Consolidated 7s, 1898 ...
ILm.ABt.Jos.—8s, couv.. 105 '4 105 V
1st consol, assented,*99! 'll
fji
2d consolidated 7s, 1911:
Consol. 6s, 1911
j*ill
Couv., assented.7s, 1902 * 112 *4 113
105 %
1st, Springlield Div., 7s
I, lions.A T.C.—lst,M.L.f7a 107»4
Adjustment, 7s, 1903...
105
86
Oliio Central—1 st,6s, 1920
87 Hi
a! 1st, West. Div., 7s
Conv. deb. 6s. 1908
I
S'
4
1st Ter’l Tr., 6s, 1920...!
1 st, Waco A N., 7s..— 110
Leh.AW.B.—Con.g’d.as! 103 •10
!
1st Min’l Div., 6s, 1921J
2d consol., main lino. 8s 123 Hi1126
Am.D’kAImp.—5s,1921 ‘ ---- , 89
i
Oliio too.—1st, 6s, 1921
' 2d, Waco A No.,8s)1915
C.M.A Bt.P.—1st, 8s, P.D. 132 |
! too
BO
..
!
103
„
..
18*14
.
123r,el
Keg., goul, 7s, 1902
10
Sinking fund, 6s, 1929.
103
Sinking fund, 5s, 1929.|
93
Sinking I’d,deb. 5s,1933
Escan’aA L.S.—1st,6s.
Des M. A Min’s—1st, 7s
Midland—1st,8s.. 128
Peninsula—1st,conv. 7s 121
Chicago A Mil.—1st, 7s. 119
107
Win.A St. P.—1st,7s,’87: 106
2d, 7s. 1907
1*120
Mil.&Mad.—1st,6s,1905
,
C.C.C.A Ind’s—lst,7s,s.f.i 119 \
Consol. 7s, 1914
..j*
jH8Hj j
Consol. B. F.,7s, 1914..!*
119 >4 '
C.St.P.M.AO.—Consol.,6s *108Ha
i
Iowa
C.St.P.AM.-lst,0s,l918! 117
N. Wis.—1st, 6s,
i
1930..
-
St.P.&S.C.—1st,69.1919! 115
Chic.AE.Ill.—lst,s.f.,cur.|
!
!
98
1
I
Chic.St.L.AP.—1st,con5s
92^ ....
1st, con., 5s, reg.. 1932.|
!
Chic. A Atl.—1st, os, 1920,*
1103
Chic. AW. I ml.- 1st, s
Gen. M., 6s, 1932
t
f.Osj
}
Ool.AGreen.—1st,6s, 1916
2d, 6s. 1926
1
Col.H.Val.A Tel.—1st,5s
Del. L.A W.—7s, conv.,’92’
Mortgage 7s. 1907....... *130
Svr. Bing. AN. Y.—1st,7s1 126
Morris A Essex.—1st,7s *135
2d, 7s, 1891
Bonds, 7s. 1900.
1
*
No price
!
....I 9*8
65
120
105;,4
114
118
89
04Ha(l06
i 09 Ha'il 6’
82
I
101 Ha:105
103
105 Hj
113 lx
Cleve. P. A Ash.—7s
Buff. A Erie—New bds. 121*4
Kal. A W, Pigeon—1st. 100
Det.M. AT.—1st,7s,1906 123
125
Lake Bhoro—Div. bonds 122
Consol., coup., 1st, 7s. '125
Consol., reg., 1st. 7s.. 125
Consol., coup., 2d, 7s. 119 4,119^'
Consol., reg.. 2d, 7s... 119 Ha 120 !
.*!
Long ltd. R.—1st,7s. 1898
99
1st consol., 5s, 1931 ....
120
Louisv. A N.—Cons.7s,’98 118
Cecilian Br’ch—7s. 1907 103
N.O.AMob.—Ist,0sl930
2d 6s, 1930
E. H. A N.—1st,6s,1919
General, 6s, 1930
**9*i*
101 la 103
! 93
Pensac’la Div.^-6s, 1920
Bt. L. Div.—1st, 6s,1921
105^
50
2d, 3s, 1980
Nashv. A Dec.—1st, 7s. *114
1136
1110 Ha
2d, ext., 7s, 1893
Equip, b’ds,7s,
c‘J '•_«
7U
Peoria Dec.A Ev.—l.M,6s 1
Evans. Div., 1st.6 s,1920
Peoria A Pek. U’u—1st,6s
Pac. RRs.—Cen. P.— G.,6s
Bail Joaquin Branch .;
Cal. A Oregon—1st, 6s
State Aid bds., 7s, ’toi
Land grant lxmds. 6s. j
West. Pac.—Bonds,6s
So. Pac. of Cal.— 1st, Os.
to. Pac.of A ri/.'a.— 1st .Is,
too.I’ae.o! N.M.—1 st.6s
Union Pacitic—1 st, (!s..'
‘90
Fr.day—the*© Me latest quotations mace this week,
?j"ii
I *‘2 1
I 1 1 *4
108
j j
i:
lo 1 Hs
100
;
10 4
1U4 *-x
4.
.
...
.
i
104
113 Hi 114
i.
1
I
—
117% 118
112
106%ilOT3i
106
93
90
|1U7
j
j
! 91-
-.
7h, ’88
98
2d, 7s, 1893 *.
Q. A T. — 1st, 7s, 1890.
Han.A Naples— 1st 1 s
111. A-too. la.—1st Ex. ,6s
tot.L.lv.C.AN.—K.e .7s
«
Om. Div.—1st, 7s
Clar’da Br.~6s. lt ) Vo
tot. Cl)as. Br,—lst.Os
No. Missouri — 1st, 7s.|
,
West. Un. Tol.—1900,
I
*
(W
10*8* *! 109
1:0%
80
| 85
0%j
’
...
19
INCOME
cp.
BONDS.
\
Gent. la.—Cou]).(lebtctfs.•
jell.Bt.P.AM.—L.g. ilie.,6s!
j .Chic. A E. 111.-Inc., 1907i
DesM. A Ft. D.—1 st,im*.,6s!
jlDet. Mac. AMarq.—Inc-.i
E.T. V. AGa— I lie.,6s. 1931!
j
6s.1
108%
|
18S3_j
91
92 %‘ ici. Bay W.A st. P.—2d.inc.
103
jjlud. BI. A W.—Inc., 1919
iO!)
Consol., Inc., 6s, 1921..
102
j I mi’s Dec. A topr’d—2d inc
13
;
Trust Co. certitlcates...
too.—Gen.,7s ,1909
Exten., 1st, 7s, 1909.
99
(Interest />•/yatilrif earned.) |
! Alleg’v Gent.—1 ne., 1912.}
Atl. A Pac.—file.. 1910...I
Central of N. J.—1908
104 *4|
11.
Consol, conv.
Gt. West.-1st,
74%
3 07 Hi
33.13 i
; 1900,reg
’ 112 V
N.W. Telegrapli—7s,1901!
!
Mut. Cii.T.-S.F.,Gs, 1911
«9. ! 79%
Oregon lilt. A N;—1st, 6.sl 404 VTOJ
108% 110
Ut.
2U
27%
10
25
3d, 7s, 1906
!
108 |'Leh. A Wilkcsb. Coal—’88
Pacific of Mo. —1st, 6s 107
*31
'Lake E. A W.—lne.7s. ’99
2d, 7s. 1891
!.
98
i
99% ! toaml’kyDiv.—Jiic.,1920
St. L.A B.F.—2d,0s,cl.A1
90%
! j Laf. Bl.A Mu n.—Inc.7s,’99
3-6s, class C, 1906
90
3-6s, class B., 1906
j 90% .Mil. L. to. A WH—Incomes
1st. 6s, PeirceC.A O..!
|
Mob. A O.—1st prf,
j...... j j 2d p ref. debentures
Equipment, 7s, 1895..
3d pref. debentures.....
Gen. mort., 6s, 1931..
'104 %
4th pref. debentures
too. Pac. of Mo.—1st
'
!
N.Y.Lake E.AW.— Inc.tis *
Tex. A Pac.—1st,6s, 1905 106
108
N.
Y.P.AO.—l.stinc.ac.,7s|
i
Consol., 6s, 1905
Oliio Cent.—Income, 19201
Income A Ld. gr., reg
Min’l Div.— 1 nc. 7s, 1921'
1st, RioG. Div.,6s,1930
19
Ohio So.—2d inc., Gs, 1921!
Pennsylvania llll.—
j
Co’sgu r. 4 %s,l st
Registered, 1921
Metr’p’lit’n El.—1st,1908
2d, 6s, 1899
Mex. Cen.—1st, 7s, 1911.
ii
•wii
*9- Hi
Laud-grants. 7s, ’87-9.
Sinking funds, 8s. ’93.
Collateral Trust, 6s...
do
5s, 1907
Kans. Pac.—lst,6s,’95 :
1st, 6s, 1896
Deu. Div.,6s,as’d,’99.
1st consol., 6s, 1919.
C.Br.U.P.—F.c.,7s.’95
At.C.AP.—1st,6s, 1905
At. J.Co. AW.-1st, (is ’
Oreg. Short L.—1st,Os!
Pa.
Baudusky Div.—6s,1919
79
j
debcnJ
3(4
08
.
S.AN.A la.—S.f.,6s,1910
Leban’n- Knox—6s, 1931
Louisv. C. A L.—6s, 1931
L. Erie A W.-1st. 6s,1919
Laf. Bl.A M.—1st,6s,1919
r.ouisv.N. A lb. AC.—1st,6s
Man hat. B ’ch Co.—7s, 1909
N. Y. AM. B’h—lst,7s,'97
Marie! ta A Cm.—1st, 7s.
Oreg’ii ACal.—1st ,6 s, 1921
()r. A Trans’ 1—6s,’82-1922
Oleg. Iiii]). Co.—1st, 6s...i
IRo. Pac.—1st, cons.,
Ind’polis Div.—tis, 1921
‘
Wabash—M., 7s, 1909.. i
Tol. A W,—1 st, ext.,7s|
1st, tot. J,. Div., 7s,’89j
81
Panama—S.L,sub.6s, 1910
118
j
Hav.
191 (I
Ilav. Div.—
Div.—Os.
tis, 1910
Tol. P. AW.—1st, 7s, 1917!
Iowa Div.—6s, 1921
;
Detroit Div.—6s, 1921..1
Cairo Div.—5s. 1931
3
.
General, Os, 1921
2d, 7 3-10, P. D., 1898..I 121 |
j
i I ous. E. A W. Tex.—1 st,7 s
1st, 7s, $ g., R. U.. 1002.pl 23 4
2d,
6s, 1913
1st, LaC.Div., 7s. 1893.j Uo s-lti’a
1st, I. A M., 7s, 1897... ] IjHi
-j Ill. Cent.—Sp. Div.—Cp. 6s
Middle
I)iv.—Iteg., Os..
1st, I. A I).,7s. 1899.... 1 o^!
L.AN.O.—Ten.1.,7s
1st, C. A M.. 7s. 1903... ;
Vr.v! C.Bt.
1st consol.. 7s, 1897
Consol.7s. 1905
.! 1-1 jl.1%;
2(1; 6s, 1907
1 Y/Hv4 , Yd**
2d,7s,
Gold, 5h, 1951
ls^,7s, I.AD. Ext.,1908, ll«7a 119-4 ,
2d Div,, 7s, 1894
6. W. Div., 1st, 6s, 1909. 106 *4 107
92
!
93
Ha
Ced.
F. A Minn.—lsY7s
1st. 58,LaC.A Dav.,1919
! I ml. Bl. A W.—1st prf. 7s
xsLB.Minti. Div.6s,19l0 107 j
1st, 4-5-Os. 1909
1st, H. A D., 7s, 1910 .. ......1118 Hi
:
2d, 4-5-68. 1909
Ch. A Pac. Div.,0s,1910 110 2j'
92
Hal
93
1
East’11
Div.-6s. 1921...
1st,Chic. A P. \Vr.,5s, 192 i
90 Hi!
! Tndianap. D. Atopr.— 1st,7s,
Min’l Pt. Div.. 5s, 1910.
S 2d, 5s, 1911
C.AL.Sup. Div. ,5s. 1921
91
; J lit. A G t.No.—lat.6s,gold
Wls.&Min. I) 5s. 1921; '
Coupon, 6s, 1909
C. A N’west.- -B.fd.,7s,’85’ 10614
Consol, bonds, 7s, 1915.;*152 jl32 ]4 ! Kent’kyCen.—M.,6s,1911
Extens’n bonus, 7s, ’85.i 105
)
.jj L.Bh’re-M.S.AN.I.,s.f.,7s
106*V
Cleve. A Tol.—Bink. fd.
1st. 7s, IS85
123
New bonds, 7s, 1886..
;
Coupon.gold, 7r, 1902..|
Chic. Div.—5s, 1910
1st, reg., 7s, 1900
2d, 7s. 1913
1
r
j 131
3d, 7s, 1912
lot
....
Clev. A Pitts.—Cons.s.f. 123;% 125
4lh. sink. fd.. 6s. 1892. > 108
I
Coupons
on
{Peoria D.AKv.— 1 nc.,1920
Evans. Div.—Inc., 1920
J Peoi iaAPek. Un.—liie..6s!
'j Koch. A Pitts.—Inc ,1921 I
j! Koine W. A Og.—Inc., 7s. |
!|too. Car. Ry.—i nc.Jis, 19311
,j
!
Pitts. Et. W. A Cli.—1st.
2d. 7s, 1912
1
58
91'
•
c.7s!
22
Ogdens.AL.C.—1 nc., 1920
e.’
Pitt.C.Atot. I..—1st,
70
since 1869.
tot. L.A I. M.-
00
1st,7 s, pr.i.a
tot’g I .A Ky.-toe, B.,iiic.’94
tol.L.A. A T. 11.'—Div. bds.'
55
THE CHRONICLE.
81
KAIMtOAl)
Latest
EARNINGS.
Earnings Reported.
[Vol. xxxvin.
New York City Banks.—The following statement ahowa
condition of the Associated Banks of New York City for
week ending at the commencement of business on Jan. 12:
Jan. 1 to Latest Date.
the
the
Roads.
Ji tdC
Oi‘
1884.
JIn
1883.
$
Bur.Ced.R.ANo. 1st wk Jan
Canad’n Pacific 2d wk Jau.j
Chicago A A It or. 1 st wk Jan
Chic. & East. Ill. 1 st wk Jam
35,802
63,000
147,059
22,414
Chlc.AGr.TnmK Wk Jan f>.
Cbic. Mil.ASt, P. ‘id wk .1 an.
Chic. A Nort liw. id wk J an.
32.032
34 6,t*00 j
Ft.W.A Denver.
Grand Trunk.,..
Gr.Bay W.ASt.P.
d. I<1. Cen. (Ill.).
Do
(Iowa)
Ind.Bloom.A W.
Kentucky Cent.
Long Island
Louis v.A Nasliv
Mex.Nat.,No.DS
Southern Di\§
Mil. L.Bh.A West
Northern Pacific
Ohio Central
Ohio Southern.
Peo. Dee. A Ev..
Koch. A Pittsl/g
Bt. L.Alt. AT.IL
4,8 :o
11,634
43.388
5,800
249,777
5,3 19
157,700
22,700
41,022
37.032
44,567
307,796
669,000
650.696
593,200
616,500
147,700
30,618
New York
Manhattan CoMerchants......
Mechanics’.
Onion
America. ....y...
6.200
5.8O0i
249.777
339,421
7,004
199,522
5,3 49
157.700
22,700
41,022
*28,147
10,490
8,974
30,261
68,447
417,000
10.490
6 is66 3
487.760
15,650
25,400
9.281
8,981
5,811
27,810
14,213
6,722
61.725
15,8*0
123.380
98;4-0
ings Reported.
17,577
116,2(50
16,300
1
43,600
14,70 5
8,713
9.876
20,082
9.2
->
1
27.810
21,237
10,930
14,213
(5,722
117,162
4,013
121,866
32.554
31,760
196,058
248,56 4
Jan. to 1 Latest Dale.
1
Roads.
Week or Mo i
1882.
1883.
1882.
1883.
.
1.714.200
01(3.000
1,007.(3 >0
3 014.-00
1,200, 00
000.000
300.000
8.910.400
784,700
2.303.300
1,119.900
128,400
11,401,900
9 )7,4uO;
416.800 j
281,700
167,0001
143,200;
135,000
3,028,200
2,-63.500
1.675.700
1,001.01)0
181,300!
1,005,900
368.500
147.900
364,300!
869.900
23S
2.400.200
1,2 1,700
8.980.200
9,989,000
13,952,' 00
6,021,800
7,32 5,40')
2 840,900
3.180,500
4.663.200
1.961.200
3,7/0,300
9.411.100
80G.OOO, 3.784.700
5,000.0001 H.241,000
5.000,000 1(3,(374,700
(3,* >33,400
1,000.000
1.100
259,8)0
3,104.000
127,0001
749,6.10;
347,466
S,o-4,800j
787.000!
723,000
3.3.500
l: 8.000
450,000
6.74h,000
4,0; 55.0001
244,9001
572,200!
10 -‘,200
-
4,492,703
9.3 3.000
8,842.0001
7.611.700
182,0001
600!
752,000
225,100
45,000
2,600
525,000
14,300
2,680.000: 1,431.000'
4.615.100 5, *89,200!
844,100
1.102.300
888,900
560,900!
Broadway.......
1.317.100
850,4
.0
Mercantile
0,329,100
281,200
1,000.000
529.-00
2,470,(300
155,800!
Pacific
422.700
506.800
4,272.300
342,900,
180,000
1,500.000
Republic
450.000
3,895.900 1.127.300
45,0 >0
348,2001
Chatham
Iu7,i00
173,200!
1,541.400
200,000
5,100
People’s
368.300
700.000
3.558,000!
3-1,900
North America
763.400!
202.500
8,833.000! 1.614.600
Hanover
1,000.000
4 7 7,'900
530.900
397.400
3.315.400
3.2-0.400i
500.000
Irving
9,614,000 1,440,000
3,000.000 11,309.000! 1.51(3,000 1,075,000>
Metropolitan
317.6001
3.22
5"5,400
2.739.200
263,300
i,900|
Citizens’.
(’00,000
353,400! 2.893,4001
70,300
Nassau
500,000
2,5 3,(i0 )
40 >.* 00!
2.811.100
441.500
Market
500,000
157,3)0; 2,273,*'00|
72 700!
2.710,600
297.700
3,071,700,
500.00C
3t. Nicholas
3.813.000
496.000
450,000
3,100,'
00!
345,O00;
500.000
Shoe A Leather
32U.OOO
4.71*8.100!
247,000 j
4,600
3.614.100
Corn Exchange.
1,000,00C
♦3.0 2.900! 1.774.600
450,000
343,500; 7.149.300
1.000,000
Continental
96.000
318.100
2,10 5.100
300.000
Oriental
2.201.700
268.000
638,000
4,661,0 *0
264,000
400.000
4,2*30,000!
Marine
23.010,600
4,934,400
1,307.300
1,2-4,400
Importers’ & Tr. 1,500.000 19,733,30045,000
2.000.000! 18.355,10 ' 3.649.200 2,597.7i)0; 23 023,000
Park
192.900
126,700,
1.504.700
1.(3 (i,7>)0
500.000
Wall St
15.* *00
225,000; I.4(10,000
240.000
1,435,000
North River. ...I
151.800*
214,200
221,600
J,062.900'
250.000;
’,143 100
East River
361,000
1,23
*.400 16,141,90')
2,85-.3u0‘
15,(379,700
3,200.030
Fourth Nat’nal.,'
5),l-90,000
297,00)
7,871.000 1,617,000 i.Lw ,0)0
2,000,000
Centra! Nat
695.000!
45,600
310,000
4,1‘. U‘00!
300.000
3,350.000
Second Nation’!56
6.313.8
1.0!
579,2 0
.10)
1.311.loo;
5.959.100
750.00('
Ninth National.
5 16,101)
15,961.9.)-)
3.6)3.100
419,900
500.0
>0
15.'
1
1.000
Ft rst Nc.i ionsil.. ■
70 ),‘-00
5,60 •>,()),)
520.500
5,*S-3.4')0 j
1,000.0 '<
r!;in'. National.
18-1,>00
2 5,'*00
2-K400
1,265,1 •)*)
1,143,800
N. Y. NOR. Fych
300.O''<•)
22 5,000
3.10:00
271,'00
2; 13.100
25 i/'OO-i
t.oo.doo!
cry Nat’nal i
(574.100
2,508.1001
19.81)0
180,000
200.000
1.819.200
N.York County 1
95.600
50-1 ,<*00
2,399,500:
75 *.000
2.358.100
lerm’n Am'c’n.
5.7 2,800
635,900
45,666
730,3 ) >1
3 'O.uOO
3,92 .**00
Chase Nation;)'
9 5,5 )0
2.110.400
632.700
100.0.10
2,1*'3.S00
Fifth Avenue
65 000
823.000
2,3'6,<)c0200.000
1,3(59,300
German Exch.
26 ,400
2,373,200:
1.3)9».200
113,81.0
200.000
Germania
5.18 ),700!
443,000
21*5,700
500.000
4.789.700 1.213.600
U. S. Nat
3.06
139.10C
5,300!
44,400
658,600 '
2,471.000
300,000
Lincoln Nat....
716.7001
178,500
145,300
45,700
834,900
200,000
Garfield Nat
1,070,200
135,000
163.800
138.700
150,000
1,037,800
Fifth National.
..
8,98 L
5.811
15,709
$
(•21.000
72 \900!
976.0O0'
1.000,000
300,000
200,000
200,000
ctrcula-
$
6 :2,r00
8,107.000
395.800]
.*'57,200;
U.tO-UOO; 3.0 74,>0:)i
8.283.200 i
5*10,900;
1.000.000
/->/#•/..j irt
than U. S.
o.oro.ooo1 2,712,000
1
300.000
A ct dtp ts
other
Lejal
Ten iers.
2,780.000;
7,74H,300i 1. 52, .00;
7,368.000! 1,3 >8,000j
4.217.100 1,375, <00 f
10.247,000! 1.547.200
3,274.!)00
620,000;
(3.544,800, 3.985.700!
458.500
3.274,300;
1.000,000
(too,000
...
58,381
$
1.200.000
3.000.000
1.000.000
1.000,000
....
34,50*5
*
2,000.000
Tradesmen’s
Fulton
Chemical.
Merchant s’ Ex..
Gallatin Nat.,
Butchers’A D~..
Mechanics’ & Tr
Greenwich
Leat her Man’f’s
Seventh Ward.
State of N. Y...
American Exch
Commerce
15,-59
Specie.
2.nfib,0oo
City
8.996
Loam ana
discounts.
2,000,01)0
2.050,0 00
Phoenix.—
205,100
5,247
1 1 ,(53 4 j
49,388
17,577
116,260
20.082
Capital.
....
139.400
31,3 47!
7,052:
217,2< o;
4,870:
245,840
16,7*22)
Allot
29,351
58,384
66,6(i0
Bt.L.&San Fran id wk Jan.
Bt. Paul it Dul.. id wk Jan.1
Bt. P. Miun.it M. id wk Jan.i1
22,414
28,147
10,980
4,013
(brclisd
117,959
29.351
44,587
7,00 4
199,522
21,237
1 st wk Jan;
Sr. Louis it Cairo i st wk Jan
Do
S
124,000
339.421
207,000
7,800
13,000
16,300
143,* 0 >
11,703
8,713
‘>,376
15,709
Average amount of—
Banks.
53.396
80,000
150,683
6,200
8,974
34,014
1883.
35,802
303,400
72,100
30,618
8,996
103,70*)
5,247
15,259
31,506
115,400
j
*
$
53,396
39,000
15 ‘,683
317,700
81,200
31,317
7,052
*iil wk Jan.i
1st wk Jan
1 si wk Jan
‘id wk Jan.I
1st wk Jan
I st wk .Tan
1st wk Jail
1 st wk Jan
Wk Jan. a.
1 st wk Jan
1st wk Jan
1st wk Jan
1st wk Jan
1 st wk Jan
id wk Jan.
id wk Jan.
‘id wk Jan.
i«l wk Jan.
1 st wk Jan
1 st wk Jan
1st wk Jan
1 si wk Jan
1 st wk Jan
Lst wk Jail
1 st wk Jan 1
Ch.St.P.Min.AO.
Cin. Wash.A Halt
Clev.AkronA Col
Denv.A Rio Gr.||
Des Mo.A Ft. D.
Dub. A Sioux (
Flint A P. Man?.
1884.
......
j
$
$
'
$
$
94,779 1,059,17 4
856,752
Ala.Gt.Southern December.
106,78.Atch.Ton.it S. Fe November, 1.3 10.7 62 1,3 49.312 13,011.531 13,31 1.665
ItS 237
1.1(5 .158
102.229
1,307, ’ o {
Central Iowa... 1 leccmber
2.130.2.59 22,87 :,3 23 23,6 i*.', ■•<).-♦
2.109.90
Central Pacific
3 2 4.527
253,35-5 3,92 1,9. 5 3.33 (.97 7
Chose?• A Oiilo I).*
2,562,7 / 3 2.1D9.4-i 23.939.450 19, *23,744
Chic. Bur. A
32.4 89
49.828
1.543.839
1,503,432
Cldp. A W.Mien.
136.852
13-6*86 2.541,918 2,‘517,“1 5
<1 wk Dm*
Cin.Ind.St.L.At ’
208,S 14 2,5.87,5*54
2,56 7,185
223.517
I
43 1,960 3,944,949 4,014,911
35 .316
1
32,855
21,590
i
21.109
184.577
174,582
20,510
31.703
3-,664 1,590,246 1,590,658
Dot. Lan. A No.. Itli wkDei ;l
172,372 3,542,249 3,336,821
3 wks Dee,
178,593
Eastern
341.341
367,834
E.Tenu.Va.AGa. December.
4,138,164 3,351,356
5*29,320
47,090
52,695
Eliz. Lex. it B.B Deeember.
714,2*58
59,982
723,89 4
59,976
850,230
Evansv. it T. H.iDi c* mber
422,218
402,766
12,103
Flor. Cent, it W. 3d wk Dec
11,368
17.183
535,220
11,625
428,774
Flor. Tr. it Pen.;4ih wkDec
.
,
GuliColit8an.Fe;i wks I>eo.
101,510
49,842
37,429
5'.682
195.512
21,942
65,357
50.000
63,30 )
21,127
La. & Mo. River. October
Mur.HouKb.it O 1) cember
..
40,295
.)
Mexican Cent..Do
Minn.A Bt. Louis
Missouri Pae. a It
Alo.Kan.it T. b
Tex. it Paeilie.
28,431
11,598
No.Divj
176.053
n
wk I )ec■I
435,172
287,711
*!
)!
*-j
.j
Naslid h.A st. I,
N.Y.L.E.&W,. ii
N. Y.AN. Engl’u
N. Y. Susu. it NV.
188,255
43,725
■
1,508,741
The following
2,011,969
1,753,943
1,208,105
Loans.
¥
5.55,76 i
539,129
44.728
5(5,100
3 51,486
557.600
264,772
439,900
19,561
41,062
890,978
1,194,091
1,059,525
..
1,249,899
1,543,705
.
C. A Iron Novell
Jclim.it Danv.JDecen
CUT Col.it Aug., December
Columb. A Gr. j December
Va.
.
Midland..'December
Bo. Pae.Cal. N.D October
Do Bo. Div.I October..
Do Arizona J. [October.
Do
N. Mexi. October.,
Bontii Carolina. Novenibe
Tex.& St.Louis.c 4tli wkl)t
Union Paeilie... Novenibe
.
Utah Central
...
.
.
e
.
-November
95(5,053
3,792.758
5,567,321
........
340,058
280,650
j
125.582
152,789
34(5,302 i
20,455
.
3,076.552
229.740
62,o Is
151,681
......
1.065,891
!
1,060,207
3,289,304
3 476.63! i
2.103 397 i 2,375,126
678,150
619.60(5
1,198,101 1 1,164,786
........
2.731,723 2,711,917 27 343,42< 27,804.921
107.267
136.204 j 1,081.267
1,391,418
482.240
529.501
67.735
66,33-J
427.903
397,3(51 ! 16,906,46." 16,738.357
SI, 03 3
78.09( 1 1,152,188
1,046,183
•
137,542
j 1,332,780.
Since June 1st in 1883 includes earnings of Cent. RR. of New
t Included in Central Pacitic earnings above,
t Mexican currency .
|| includes Utah lines in 188 I.
a Includes St. Louts Iron Mountain A Southern in both years
h Includes International A.Great Northern in botli years.
c F.mbraeing lines in Mo. Ark. and Texas.
d Include.- Southern Division.
*
60,468,100 23,479,100 323,793,000
624,793,739
329.950,200
338,253,700
14.706.700
14,658.300
735.843.016
770,600,920
27.822.500
30,644,800
62,877.000
68,070,200
the totals of the Boston banks:
¥
$
146,874,400
Deposits.* Circulation. Ago.Clear.
L. Tenders.
Specie.
¥
$
*
6,082,700 93.436,600 25.525,200 52.744.870
6,527,200
...
—*
Jersey,
20.391.699
76.814.653
1S-S4.
Jan. 7
“
¥
¥
1883.
Dec. 31
21.701,7.52
22,015,721
77.302.125
77,15),147
14
71.337,530
73.51 ’>,227
72, ‘16,553
Am. Bank Note Co.
Atl. A Pac.—Os, lst—
Incomes
Blocks 35 per cent..
Am. Railw’y Imp.CoEx bones ami stock.
Dost. II. A E.—New st’k
Bid. Asked.
30
93
o_>
93
95
Debenture
Cen. of N. Jersey
Cin. Wash. A Hal.
deb.
pfstk
....
....
66
67**
2d ihort,
.Chic A Atl.—Stk
do beneficiary stk..
California Pacific.. T..
Chic. St (’an. South
....
io*
....
At.
1st mort
Clnea. A Gr’d Trunk..
1st mort
Den.A R.G.R’y—Cons. 82
5s
Denver A Rio G. West 10 *2
1st mort
Edison Elec. Light.... 160
70
Sobs
Ft. Wo’ll Den. City, del.
wli isson T.A(’. stubs
Ga. Pae. stock
815s
lst mort, 6 p. e
hid. Dec. A Spring!...
8
Keelv 5Iotor
L.A N.eol.trust bds ’82
34
Mexican. Nat
lst mort
....
....
....
98
7%
....
7
34
....
15
2*2^
28‘4
4 Lj
Atl.
60
1st mort
Pitts. A Western
1
lst mort
3
Postal Tel. stock
1
49
1st m *rt.f 6 p. c
12 q
i St. Jo. A West
170
St, .To. A Pacific lst.
do
do
2d...
:
Kans. A Neb., 2d
71
20
85
50
...
|
! Te\ii81 :h i T v
....
....
-
Bid. Asked.
40
Cowdrv Certfs
N.Y. M. U. Tel. st’k. x. 50
N. Y. L. A W 2,1, 5 p. c.
guar, by D. L. A W..
7Rs
N.Y.W.Sli.AButl.— Stk
del.wli. iss.ouoklsub.
7
any subs
North Pac. div. bonds. 795s
No. R! v.Const.—1 OOp.c 141q
N. Y. Penn. A Ohio—
Atl. A Gt. W. coin...
Newb. D’tch A Conn—
Incomes
Ohio C.—Riv. Div. lst 26
4%
Incomes
R)
5
60
34
34
quotations for unlisted
scrip. 33
Missouri Pac., old st'k
Xr>
Bos.Hoos.Tit West st’k
9.2 *1,507
9,2)2,203
....
:’$s
oui....:...
40,911.256
61,107,314
54,8)5,4-9
M. K. A. T. ine
.
19
6.286,543
banks.”
Including t he item “ due to other
Unlisted Securities.—Following are
securities :
...
>
Vicksb’rsiit Mer. Decen
e
Wab.St.L.A I*... i I tii w
West Jersey
November
Wisconsin Cent. Novel!
74,000
3-.913
364,725
215,75l
75,671
121,82(
Clear
¥
15.456,800
Loans.
$
...
Circulation. Jgg
¥
Banks.—The totals of the Philadelphia banks
.
.
*
Boston Banks.—Following are
1883.
Dec. 31
1884.
Jan.
7
Deposits.
¥
...
,
.
1883
Dec 29....327,535,700
ias4.
Jan. 5....331.355.000
12... .329.897,200
several weeks past :
L. Tenders.
Specie
48,400
Dec.
“
5,014,915
427,500
4,473.479 4,373,825 47.2 12.73 4 ; 44,92 2,657
376.662
369,583 3,851,535 3.675,901
3,654,916 2,256.749 26,002,55(5120,039,227
1,756.585 1,657,792 15.969,050 14,029,256
33 4,640
322,448 3,845,152 3,6(53,432
80,851 !
828,3-5(5;
758,557
77p-13
9 7,537 i
65,570
737,920
799,15(5
118,443
115,824 1,678,75o ! 1,497,176
26,941 j
33,784
250,791
362,037 j
153,175
155,300
Oregon R AN.Co Deeendier
Do
114,174
Inc.
2,822,300
are the totals for
$8,303,500
Inc.
Net deposits
Circulation
116.346.300 6.9)9.100 5.698,500 100,147.300 25.728.400 75.771.547
14
167,745 1,50 i, 801
14',537,700 6,894.500 5,67?,800 101,060,900 2.*.714,600 70,287,035
i,4oi.ioi
483,116 17,107,442 15.(576,828
Philadelphia
335.127 11.658,994 10,136,403
are as follows:
196,513 7.005,111 I 5,919,732
Ijoans.
Lawful M'ine\j. Deposits.* Circulation. Aqv.Clear.
32,7*.6
99(5,49(51
1,522,04 l
*
♦
¥
.
38 4.247
Legal ten'era
215,452
1,585,169
338.253,700 14,658,300
previous week are as follows:
61,312.700 329,897,200 68,(,70,200 30,644.800
Total
The deviations from returns of
Loans and discounts..,.Dec. $1,4.>/,HH)
Specie
Inc. 5,193,^00
1,954,238
•
.
...
266,332
I)i-cemlit'i‘ j
*2,411,146 1,819,010 19,884,155 1(5,693,211
Oetola
j 365,877 304,592 3.101.744 2,865,354
86.782
71.322
929,830
655,915
Novell
193,928 2,796,546 *2,398,910
216,523
46.930
853.919
62,863
459,937
.!
536.094
526.085 5,678.979 5,310.172
.
»
2,0 50,327
2,145,244
954.653 1,047.51- 37,293.588 32,731.517
290.* 29 j 30(5.723 2,2(54.900 2.1 85,1(57
299,999 210,676 ‘2r3*28,s‘*3 2,1(52.85 7
66,700
*
121,275
63,681
2 4,097
48,832
152,835
29,297
83,591
OctoiM
J
.
*
It)
|
j
Pac. old scrip..
A St. L
3
M. A A. Div., 1st....
M. A A. Div. as pd.
j Yicksb’g A Meridian
Incomes
....
0
O
-*4
....
85Lj 1 U. s. Elec. JJght
25 4
....
30
.
....
754
90
3
20
50
....
130
4
•
•
•
•
86
THE CHRONICLE.
19, 1884]
January
Jersey for the six months of the past
included in the above statement for 1883 :
tral Railroad of New
^litres intents
year,
Catawissa Railroad Company
Philadelphia Germantown 5c Norristown Railroad Company
North Poun-ylvauia Railroad .Company.. 1
Delaware A Hound Rrook Railroad Company
stockholders was held in Philadelphia
Monday, Jan. 14. Resolutions were adopted approving and
ratifying the action of the board of managers in leasing the Cen¬
tral Railroad of New Jersey and in making other important con¬
tracts. Resolutions highly complimentary to Mr. Gowen were also
introduced, and a long petition of stockholders requesting him
to retain the presidency; but Mr. Gowen positively declined a
re-election. The following are the officers elected : President,
Geo. DeB. Keiin; Managers, J. B. jLippincott. Henry Lewis, L. V.
Williamson, Edward C. Knight, Joseph B. Altemus and Loring
A. Robertson; Treasurer, William A. Church; Secretary, Albert
The annual meeting of
for the previous year.
The statement of tonnage of .coal
the traffic statistics w?ere published
ary
Leaving
the
the
due, he made upon the preferred stock
dividend of tin ee per cent upon the common-stock
region of
liCtifd/s of
*13,715
7,9o7,811
$
301,772
170,815
5,010,474 3,011,589
478,203 1,520,022
’
197,68 1
537,740
7.38(5
418,654
15,354.113
.
I 1,545
dep’t...
Roll’g mill dep’t. 1,079,888
Miscel. receipts.
174,658
Iron
ore
Increase
■
*
.
4,301
.
Increase.Decrease
Total both Co.'s
Yr. 1882-83
“
1881-82
........
.
1743)58
1,120,912
•
17,03 s,858
921,771
15,4 i 0.045
1,200,173
1.153,013
205,170
47,100
278,102
20,071
252,331
'
beginning to
Annexed
made
Navigation Company,
for the lirst six months
ilie rental
of $643,482, but this cannot-be taken as a fai- estimate of the imme¬
diate future; tii st, because the company operated the line f*.r tie lirst
three months without paying any rental upon the shares, and, second,
because the six lmmths ending November 3b are. the most profitable of
iin* year, and the succeeding v inter months c »nnot be expected to show
-
40.830,780 15,3-5.812 0,112,120 0,810.1=2 2,157,233
37,300,101 10,047,700 3,400,837 0,303,000
882,011
4,738,072 3,011,5S9
4: 2,102 1,274,201
Loss.
The
percentage of working expenses to gross
bo'li companies for the year
year
ending Nov. 30, 1883,
earnings for
was
67 2-10
;
ending November 30. 1882, 71 5-10.
CENTRAL RAILROAD OF NEW JERSEY.
the past
the fol¬
lowing table, showing the results of tile operations of the Cen¬
For the purpose of comparison of the results of
with those of the previous year the managers append
three
ibis report
upon the capital stock of the lessor company,
run
months after the commencement of the lease, thus reducing tlie rent
for the lirst year to four and one-half per e< lit.
to
will he found copies of the lease, and of a supplemi ntal agreement
between this company and the Lehigh Coal &
whose line of railroad was leased to the Central Railroad Company of
New Jersey. The operations of this leased line
have resulted in a net proiit to the company over a:id above
1,028,813
0,530,024
largo
The Baltimore A Ohio Railroad Company has located and is construct¬
ing in the name of an auxiliary company an important line of railway
from Baltimore to Philadelphia, which, when conipli ted, it is expected
will connect with the lines of the Philadelphia A lb ailing Railroad
Company, and throw over Hie latter to New Y'ork a very large traffic
from Baltimore, Washington, theSoiitli and Southwest,
To form a con¬
nection between the railway systems of tlic company on the north
and 1 hose on the south of the city of Philadelphia, two lines of railway
have been located, known as tin" Schuylkill River Fast Side Railroad
Company and the Schuylkill River West Side Railroad Company, all tlio
stock of each of which companies is held by ihe Philadelphia A Read¬
ing Railroad Company.
When constructed these lines will serve to
connect all the lines of the company running north, east anil west with
those running south from Philadelphia, and afford access to the large
traflic expected from the lim s of the Baltimore A Ohio Railroad Com¬
pany and its many connections.
During the year the company has acquired control by a lease for nine
hundred and ninety-nine years of all the railroads a ml property of the.
Central Railroad Company of New Jersey at a rental of six per cent
Profit.
2 ‘ 6797.92 7 14, L0 1,070 (5,412, luO 5,(589,2 10 2,302, 103
835,781
.2 1,890, 1 l 6 9,147.595 3,41 0,837 5,210,97 0
.
Large bodies of valuable bituminous coal
region, which
The
line is
expected to he opened for business during the coming spring, and its
entire tonnage to Philadelphia and Now York and all points south and
cast will he thrown upon the lines of the Philadelphia A Reading Rail¬
road Company under a contract for nine hundred years, which provides
for a pro-rate of .joint charges between the several connecting lines.
The following statement of income and expenses includes the
Cen’ral of New Jersey from June 1 to Nov. 30—six months and a separate statement of the am mint of its receipts and
0.1/550
Pennsylvania.
hinds have been secured in-the interests of this line, and a very
tratlie is expected from the coal operators of r< e Clearfield
already prifdm es an annual output of 3,000,(U o tons.
new
EARNINGS AND EXPENSES.
barges
bonds will be tak* n. The line is
placed under contract during the pr. sent winter, and the remainder
will he contracted for in the coming spring.
It is expected that the
entire line will he in operation within two years.
Another very important railroad connection has been provided for
sirce the date <ff the last annual report. The Beech Cret k Clearfield A
southwestern Railro d Com any lias located and is rapidly construct¬
ing a line of railway from a point near Jersey Shore, niton the Jersey
Hmre Pine Creek A Buffalo Railroad, to the Clearfield bituminous coal
cent, representing the arrears
..
$189,108
balance of
Railroad, eomiec mg Harrisburg and Pitts¬
burg. and referred in in the last annual report, has completed its organi¬
zation, located and revised its line, and made very satisfactory financial
arrangements for the money required for construction. The turn els
and the masonry for the bridge over the Susquehanna River are under
contract.
Some seventy miles, ombiuciug the heavy work, arc to he
the bal¬
$
2,000 009
Railroad Company.
The South Pennsylvania
managers just road, and the realization of the proceeds thereof by the
managers for ihe purpose of retiring tin*
mortgage
bonds and paying the floating debt of the company,
paying
ance of the purchase mor.e.\ due upon 50,000 shares of the central Rail¬
road Company of New Jersey stocks, a dividend of twenty-one per
$
1,00 J.,000
large, tratlie is expieted to be developed by these lines, and the
Philadelphia A Healing Railroad Company cannot hut he
greaCy bencfitteil and improved by a close and friendly alliance with
such an important company as the New York Central A Hudson River
the resolution, Mr. Gowen
presented the resolution which will be voted on at the meeting
two weeks hence, which was as follows :
13.900,1(57
.$1,000,000
bonds
future of i he
on
Railroad
US,275.OUT
923.(58$
Canals
Steam colliers
553,551
Richmond coal
$2,189,' 08
A very
theVpiestnni of the payment of a dividend, that when this meeting ad¬
join ns alter the election it shall adjourn until Monday,-Jan.‘28, at 12
o’clock noun, for the purpose of having a stock vote upon tlie resolu¬
tion ree mmending the payment of dividends upon the stock of the
Phila.A .R.Rl
a
I
received the entire capi¬
being operated under lease to ihe Philadelphia A* It-soling Railroad
Company, which provides for the payment of an annual rent equal to
the interest upon its obligations and -G per c**nt upon its stock. Of the
lirst mortgage bonds of $1,000,000 the com any has sold $787,000,
which realized $738,380 ill cash.
The construction Of t tie Jersey Shore
RR. Pine Greek A Buffalo RR. and oi tho shamokin Sunbury Ai Lewisburg RR. has opened communication bet ween t lie lines of the New York
Central A Hudson River Railroad Company, and those iff this company.
“Resolve*!, That for the purpose ol' enabling the slnuehohlors to re:id
anil examine tin* report of the board of managers before voting upon
Interest.
CONTRACTS.
the report relates to the several
made during the year :
For this balance second mortgage
method by which these debts can be paid as
easily as a £5 loan can be raised upon leaving a $10 bill as col¬
lateral.
I am anxious that before a vote is passed upon this
matter all tlm stockholders shall have a chance to consider ir.”
Mr. Go wen offered the following resolution,whicti was adopted.
tC- Canals.
$
62.
entire cost has been
For this the company has
tal stock
Fu st mortgage 5 per cent
a
I'amitu/s.
in the Chronicle of Janu¬
July 1 last, anil for the lirst live months earned over and above
about one-half of the interest upon its lirst mortgage bonds—
a gratifying remit lor the ooening months.
Tt is not doubt*- l that with
the increasing Western traltic thrown upon the line it will soon earn a
interest
full
The line has been constructed in a most
upon its cost.
substantial and durable manner, and, though laid as a single line, has
double track, bridge masonry and culverts throughout.
Its
I think best for the company.
1 would say that those who
oppose a dividend do so because they feel that the company
should not pay dividends until all the large debts are paid.
In
the second place the report of the managers, which has been
J/sed lloads
mined and transported and
a.l expenses
as
Xet
31,810
ness on
dividend; others have been sent under the teims of my cir¬
are still many large proxies .* enfc with directions
to vote against a dividend; other la”ge proxies ask me to vote
:
$2,179
73,073
117,541
Tin* Jersey-Shove Pine Creek A Buffalo Railway, referred to in the last
annual report, was completed and opened for tratho during the summer
of last year.
The Shamouiu Sunbury & Lewisburg Railroad was opened for busi¬
cular; there
Gross
Earni nt/s.
Co.—
$
page
LEASES AND
a
outstanding income
and
12,
The following extract from
leases and important contracts
Foster. Mr. Gowen on the question of a dividend, spoke as
follows:
“I wish to say that I have received proxies to the number of
between 385,000 and 400,000 shares. A very large number of
those who sent me these proxies have requested me to vote for
“Resolved, That it is the opinion of the stockholders that after
successful issue i d’ the collateral trust loan refen cd to in the report of
..
The express department shows a profit for the year of
$173,175, against $138,114 for the previous year.
The steam colliers show’ a profit of $179,845, against $271,547
on
charges is given just below
LINES.
operations of the leased lines of railway have been gener¬
ally satisfactory, and the following table show’s the increased
earnings over those of the previous year of the lines named:
(lor the year ending Nod. 30, 1883.)
of the company, and a
of the company.”
$033,482
The
Philadelphia <fc Reading Railroad.
I
2,897,178
LEASED
^ANNUAL REPORTS.
taken
$3,530,001
Proiit
~~
company.”
After the vote had bJen
3,200,509
Net earnings
Rental
contains a complete exhibit of the
Funded Debt of States and Cit!es and of the Stocks and Bonds
of Railroads and other Companies/ It is published on the
last Saturday of eoery other month—viz., February, April,
June, Anyust, October and Deceuiber, and is furnished with¬
out extra charge to aU regular subscribers of the Chronicle.
Single copies are sold at $1 per copy.
read, furnishes
$(>,791,170
T.
Gross earnings
Working expenses
I\TELIJOENCE,
The Investors’ Supplement
are
June 1 to Xoo. 30.
AND
RAILROAD
which
•
!
a
nings sufficient to nay tin* monthly r» ntal.
doubt is entertained, however, of the ability
ao
of the company to
suflicient to pay the rental;
and the possession of the prop rty,.affording an outlet wiili abundant
terminals at New Yoik harbor, and the eonsoquonbe* nt iol of its largo
coal tratlie is of vast importance to the future of tin* conq any. At the
instigation of parti s acting in t he interest of the lVnns.) lvania Railroad
Company, Mr. William B. Dinsiuor**, President of the Adams Express
Company, who is a stockholder of the Cenual Railroad Company of
tarn upon
the leased line in each year amply
CHRONICLE.
THE
86
induced
is
the legal right to make the lease is
New Jersey. an! as such voted in favor of the lease, lias been
to file a hill in equity to set the lease aside. No danger whatever
apprehended from this attempt, as
undoubted.
On the lllli day of April last the company leased for a term of nine
hundred and ninety-nine years from May 1 last the railroad of ihe
Schuylkill & Lehigh Railroad Company at a rental of
per emit upon
its first mortgage bonds and 6 per emit upon its capital stock. All of
the capital stock belongs to the Philadelphia & Reading Railroad Com-
the bonds
to 4 hi per bondholders
cent, the lease
to reduce
PhiladelK-.estUpontheir
first mortgage
consenting
v as made,the
the
on
Ehia
Reading
Railroad
agreeing
accept second
ondsAfor
topreviously
of the Company
bonds
held mortgage
bv them,
$40u.000
first mortgage
The line
the hitter
city to a point of connection with the Lehigh ValleyT Railroad near
S.atington, Pa., a distance of i'orty-four miles.
During the y ear the construction shops of the company at Reading,
including thcJocomo'ivo and car shops and foundry, hstvo been trans¬
ferred to and placed under the management of the Coal & Iron Com¬
to reduce the amount of the first mortgage to $1100,000.
of railroad extends from High’s farm, below Residing, tlirpugh
so as
pany.
The large increase of indebtedness by the
railroad company", as shown by the balance
First, To the
Coal & Iron Company to the
sheet is due:
conversion anil funding of the bonded indebtedness of
the former into the first and
gage
second series 6 per cent
bonds of ihe latter.
Second, To the charge against the
consolidated mort¬
fomcrof the value of materials
supplies eonnee’ed with the shops ami transferred by the latter.
Third, To the amount expended by tin- former for the purchase of coal
lands and collierh s, the payments of valuations of colliery property' to
tenants upon the termination if their lease-*, and to the construction of
and
locomotives and rolling stock.
Fourth, Tot,lie amount, of receivers’ certificates
the fi rmer company p id off by* the latter.
It
ir
4
st
*V
A:
Ar
A-
'k
.and floating debt of
Jc
H
x
★
An arrangement has already been entered into bv all .the. anthracite
companies for a susuension of mining during thirty-nine days in the
months of January, February and March. As the winter is the proper
time to suspend work, and as the thirty-nine day's of idleness already-
provided for. in addi'ion to the nine days of idleness in December, 1883,
should lie sufficient, to avoid surplus production prior to the end of the
fresent, fiscal year, the prospect of a very remunerative business for
eight months full work during the coming, as against but four months
of full work during tin*, past, year, is a very- fair one. The profits for
December, Jan nary, February" and March of the present fiscal yc-ir. due
to the greater lmg'hof suspensions, should be less than those of the
same lm uthsof last y « at ; but any loss so incurred should be much mme
than made up by the i creased earnings of Apiii, May", June and July".
The ear trust, of *2.0<!0,0l)d, beating interest at six percent, referred
to in the last report, was created, the certificates sold for
per cent
cash, and the proceeds applied to the payment of the receivers’ certifi¬
companies.
Under the circular of
cates of both
June 27, 1883, there lias been funded
scrip $2,209,9-1') of scrip and
funded into live per cent consolidated bonds, 1st
series, $2,379,2.)2 ; funded into five p r cent consols, 2d series,
into
convertible adjustment
coupons ;
$1,(589,") vr.
obligations so funded into the new. the
managers have bought f<>r the company the following overdue
obligations, viz.: Deferred coupon dollar scrip, &c . $524,03") ;
general mortgage and IVrkiom n sterling scrip, $032,0.79 ; in¬
come mortgage bond-*. $240,001) ; total, $1,710,083.
In addition to the old
1" 1.0 ATI NO DEI IT AM) ( < O.I.A TKl.’A I. Tl. UsT I.OIN".
fn.addit-ion to ilie. earnings of the (mop.my, all flic money require!
fertile pin chase of tin* above seem itie.s, for'ihe eompleiien of the
8hamokin Sunhury A L-W’.sbutg Rni'rond, $!.7 >1.<)>*.), for ill* pur¬
chase of adilitional coal anils ai d culiit lies and for the eon -truc-th n of
engines and ears hy the <J« al A Iron Company", about $1,*_()0,(H)0. for
payment on account, of pirn hast* of Cent ral Railroad ('om"any of New
Jersey stock liereaf■ er referred t", say- $ >! 0/H>o, ami for o' her eaj-i! a 1 ac¬
counts, has been suppiiedby inert using tic- limiting debt » f t he com¬
pany", the managers believing that so long as money cotihl nan lily he
obtained at not over six per cent, with ihe almndaut collaterals they
iiail at their disposal, ir w.-.s better to make, temporary loans at six per
cent interest than to k 11 at ilie then mu ket prices the balance of the,
convertible, adjust no nf scrip, or the unissued income mortgage omuls,
or any’ oiher fuodeil oil! gations, the sale of which would involve the
payment of a higher rate of interest for any great 1< ligtli of time.
The entire floating debt of the Railroad Company is as of January 10,
$0,754,291 ; in addition to this there is due by ihe. company' $3. 160,31 l
balance of the puivlia.se of 50,0no shares of the Central
Railroad
.Company,of New Jersey-, bmmht tit an average price of $78 04 per
share.
As the, stock of the Central Railroad of New Jersey is now
a guaranteed six per cent sto< k and repi esents to that extent an obliga¬
tion of the, company", the purchase of . 0,000 shares at this pi ice was
considered highly advantageous.
The floating debt of the Ooal A Iron Company bring nrieh less than
the value of the-coal and quick cash assets on hand applicable to its
payment requires no attention.
Of the isMicof income morrgage bonds, which by the terms of the
mortgage must bo redeemed out, of the earnings of t he company-before
auv dividend can be made, there are still outstanding $ 2,141,000. Tnc
as shown in
difference between this sum and the amount of $2,454,00
the balance sheet. $,>Id,n< O. represents the amount already bought by
the company-. Tim managers deem it advisable, that t he Hunting debt of
the railroad company, ihe balane** due upon the. purchase of tile 50,000
shares of the Central Railroad Company of New Jersey-, aid the out¬
standing income bonds, should he paid as soon as possible, and, to pro¬
vide the means of doing so, they recommend tin* creation of a collateral
trust Joan of $12,000,one, in 50-yenr coupon or registered l oads, heal¬
ing interest at a per cent per annum, and secured by- the deposit of the
following stocks and bonds :
Stocks—Central RR. of New Jersey, $5,000/04: Fast Pennsylvania
RR. Co., $1,136,340; Shamokin Sunhury- A Lewisburg RR Co , $1,000,000; Mine Hill A Schuylkill Haven RR. Co., $35*2,150; East Mahaimv
RR. Co.. $240,0 O; Jur ction RR , $-6,20 ; Mill Cr/ek A Mine Iliil
Nav. A RR. (Jo., $18,175; Mount <'atboii A Port C irnou RR. Co., $58,800; Schuylkill Valley Nav. A RR. Co., $12,80 ; Tidewater Pipe Co.,
special cert dil ates, $87 3,000; do. do. t. listers’ certificates of voting
Stock. $235,500,
Bond?—P. A. R. RR. Co income mortgage (to bo. stamped with release
of sinking Hind clause, and of obligation to pay out of earnings). $5,000,
000; Preston Coal A Improvement C *. first mortgage, $10 <0,000;
Reading A Columbia RR. Co., $! .000,000; Trcmonf Coal Co. 1st mort¬
; Central New Jeivey cenveitibh* di-ben ures. $000,000;
Hhamokin Sunbiiry A Luwisbmg R k. Co., 1st mortgage* $218,' on: do
2d mortgage. $ 18t),Oo('; Tidewater Pipe <\». niorf.age. $2:»7.0 0; M;im.
Vein Coal A Iron Co. 1st. mortgage. $228,000; L01 list D tie Coal Co. 1st
gage,
$900.06<
$156,000; Pcrkioiiien RR. Co. 1st mortgage* $18.5.« 00; do.
freigiit. $->o,oo,•; I’hiladclj h a Reading A Poitsville Tec Co., $2oo,0.0:
total, $18.08 1,475.
As the value of these securities is over 50 per cent above the principal,
and tlie annual income earned by- them much mo e tlinn double Die
aim ml interest up. it the bunds t" he-Mvuroil by- their d posit.it is be¬
lieved tin* piopo ed loan can be readily sold it a fair pri.-e,
By t In* unr¬
oll ase of ihe 1itty thousand shares of Cent 1 al Railroad company of New
Jersey stock ami hv l he issue of t In* pr >pn ed loan the fi *• ed charges of
theeimip-iny" will bo reduced us shown 1 clow, assum ng tin* loan to be
mortgage,
sob’ fit par.
fvoL. xxxvm.
There will be saved :
Interest at 6^ per cent upon say $5,405,000 floating debt
Interest at 7 per cent upon $2,141,000 income bonds
Revenue received from 50,000 shares Central Railroad
pany
Com¬
$416,000
149,870
300,000
of New Jersey
$865,970
Deduct interest on proposed loan, 5 per cent on $12,000,000...
Balance showing reduction of fixed charges to the companyequal to 77 100 per cent on capital stock.
Interest at 662 per cent upon the floating debt is believed to
600,000
$265,870
be a fair
considering the rate of bank discount and brokers’ commis¬
estimate,
sions which necessarily must be paid upon a portion of the debt.
In addition to tlie proceeds of the proposed loan the company has on
hand nearly $3,000,000 in value at the issue price of tue unsold de¬
ferred income bonds. As something has been earned towards the inter¬
est upon these bonds during the past year, and as any increased earn¬
ings in the future must cause a rapid appreciation in their market value,
there should be little difficulty at the proper time in realizing, as it may
be required by the future" wants of the company, an amount equal to tho
original issue price of 30 per cent upon the whole ol' the unissued de¬
ferred income bonds, provided it may not. lie considered either safer to
hold them for a much higher pi ice or to avoid their issue altogether.
DIVIDENDS.
question of present and future dividends upon the stock of the
( ompany will be of interest to the stockholders.
For 1 lie 11st three years
a dividend of 7 per cent, upon flic preferred stock has been earned, and
as such dividend when earned is of the nature of a debt and cumula¬
tive. the managers see no reason why the arrears should not be paid.
With reference to dividends unon the common stock the ease is different-.
The income account of the company, after crediting the net earniegs
of tlie year 1883, will only- be in credit to the amount of $ HO, 190 3**,
due to 1 he fact that the losses tor the years preceding 1881 are still
charged to that account, which now stands thus :
The
Credit.
Profits of 1881
Profits of 1882
Profits of 1883
*.
$183,256
892,911
$2,157,233—$3,223,430
•
Debit.
Losses prior to
1681
2,613,240
.
Ciedit balance
$610,190
The debit of $2,013,210 41, representing the losses of years prior to
1891. could, if the shareholders so ordered, be charged to capital
against tho very much larger amounts of income that from time to
time in previous years have be n expended for capital accounts
without any charge whatever to the latter. If this is done there remain
but two obstacles to a dividend upon the common stock: First, tho
necessity of paying the outstanding income bonds wr h the net. earn¬
ings, anil, second, the existence of the floating debt, which, so long as it
exists, would seem to require the adoption of the conservative policy of
liu banding all the resources of the company-.
As both of these diffi¬
culties would be surmounted by the sale of the proposed new collateral
trust loan, and as its effect will be to reduce the fixed charges of the
i-ompany, without increasing the amount-of its obligations, the man¬
ned s submit, to the shareholders the decision of the question whether a
dividend shall or shall not be declared in ease the proposed loan is sold
and t he proceeds
Realized by the company.
Topeka & Santa Fc Railroad.
(For ihe yec. r end > nr; Dec. 31, 1SS3.)
be some time, yet before the annual report of this com¬
A fell isDii
It. will
pany
is issued.
The directors have issued a preliminary state¬
ment of the income account
nf Drcomber being partly
for 1883, the figures for the month
include tbe Southern Kansas
Railway
:
INCOME ACCOUNT IOIi
earnings
Opm at iug expenses and taxes...
<
The statements below
estimated.
1833.
$15,867,669
i ross
Net
To
7,650.810
_
$9,216,853
earnings.
these
net:
earnings
addition* :
Track rentals
Interest account
we have the
following
”
$25,000
105,7 1 5
130,715
$3,347,574
Total net revenue
Against this total net revenue we nave
the
following charges:
Interest on bonds of the Atchison A Southern
Kansas systems
Bonds purchased for sinking funds of the t wo
.*
systems
$2,521,470
232,603
stock
in Janu¬
3,414,562
1883
paid and due to other roads on for¬
eign pool earnings accounts
37,500
Dividends at 6 percent on Atchison
Discount on $1,500,000 bonds sold
ary,
Amounts
430,000
$1,703,436
Balance for the year
Which will be used :
For
approximate reduction of the values of
materials on hand to current prices
Tn the establishment of a fire insurance fund.
To the credit of renewal account.
$200,000
250,000
500,000
950,000
$758,436
Balance to the credit of income account—
The operations of
6,039,137
the Sonora System for the year have not
during six months
been satisfactory.
An epidemic fever raged
of the year, seriously affecting all business
interests.
The
ex¬
penses of the year were in excess of earnings in the sum of
about $80,000.
$183,000 in Mexican currency has been col¬
lected during the year on account of subsidy.
The interest for
the outstanding bonds on the New Mexico and Arizona Railroad
is included in the interest charges of the Atchison Co.
The
interest on the Sonora outstanding bonds having
teed by the Atchison Co. has been advanced
been guaran¬
by the latter,
amounting to $310,540.
LAND STATEMENT.
$1,155,633
1,364,810
During the year 322,221 acres were sold for.
The total amount of cash collected was.
Ties was used as follows:
Inpayment of land taxes and expenses of
Land Department
Interest on land grant", bond-*
In purchase of land incoino bonds, r ‘deemed
end canceled...
Tn purchase of land
and canceled
Credit ba’aime to
$283,934
202,335
269,446
grant bonds, redeemed
trust account
212,110
•„
996,832
$367,977
Note.—$1 (*9.053 balance m hands o!' Land Income Trustees from 1882
was also used in purchase of land income
bonds (luring this year. All
land income bonds arc. now redeemed and canceled.
January 19,
THE CHRONICLE
',8:4.]
87
and $347,944 was charged for estimated depreciations in the
value of property. The surplus for the year, after all expenses
BOND ACCOUNT.
The funded debt of the company
the year in the sum of $1,500,000 of
has been increased during
were paid, was $122,593.
Atchison Topeka & Santa
—The annual meeting of the stockholders of the Pennsylva¬
Fe Sinking Fund Secured bonds, which were sold in January,
nia & New York Canal & Railroad Company, which is con¬
1883, to meet the immediate requirements of the company aris¬
trolled by the Lehigh Valley Railroad Company, was held iu
ing from advances made for the completion of the New Mexico
Philadelphia.
The annual report showed that the total earnings
& Arizona Railroad, and the loan made to the Atlantic & Pacific
for
the
year
were
$2,316,847, the operating expenses $1,355,026,
Railroad.
On the other hand, the funded debt of the company has been and the net receipts $961,821.
reduced by the purchase and cancellation of $890,500 bonds
Nashville Chattanooga & St. Louis.—The gross and net
during the year.
earnings in December, and the six months ending December
During the year the sum of $1,683,258 was spent in improve¬ 31, 1882 and 1S83, have been as follows :
ment of the various roads and charged to construction.
PEC EM HER.
1883.
1SS2.
During the year newT lines to form branch systems of the
Gross
Xct
Gross
Net
main line were determined upon and construction begun as
corn bigs.
earn
,
The amount
spent during 18S3 for the construction of new
approximately $1,350,000. A large portion of this
was realized by the conversion of surplus materials into
,
earnings.
$186,351
earnings.
Mam Stem
Lebanon Branch
McMinnville Branch
$187,783
5,992
3,529
$83,835
3,156
1,073
Fayetteville Branch
6,085
3,167
6,017
Centrev. Br.,nar. gauge..
D. R.Val. HR., nar. gauge
2.920
2,508
723
3,688
308
2,029
1,337
2,394
$209,999
$94,171
$210,675
$103,371
-
Total
Interest and taxes
was
amount
,
ings.
follows : In the State of Kansas, 140 miles ; in New Mexico,
45 miles ; total, 185 miles.
At the close of the year two of these new systems had
been completed with mileage 95 miles. The remainder are
under way, and will be completed during the first half of 1884.
roads
x
money,
Balance net
*
surplus..
7,469
3,930
$87,603
6,002
2,272
4,574
55,4 64
54 345
$38,707
$49,' 26
SIX MONTHS ENDING DECEMBER 31.
GENERAL INVESTMENT NEWS.
(trass
earnings.
Bnffiilo New York &
Net
Gross
-
earnings.
Net
earnings.
$1,040,301
earnings.
Philadelphia. —At the annual meet¬ Main Stem.
$1,0S7,106
$506,803
$452,255
ing in Philadelphia the annual report was read showing total Lebanon Brunch
30,078
20,209
41,446
30,104
25,023
21,080
10,656
11,413
earnings for the year ending September 30 of $2,703,128, McMinnville Branch.
32,599
Fayetteville Branch..
18,573
33,804
20,334
expenses $1,387,189 and net earning.^ $1,315,939, being an Centrev. Br.. liar.
g’e.
20,812
4,801
14,440
4,492
increase of $1J,730 as compared with the previous year. The D.R. Val. RR.nar.g’e.
21,318
10,345
21,398
9,225
report says the gross receipts for the year would * have been
Total
$1,226,905
$577,540 $1,181,533
$527,915
$500,000 greater if the company had possessed adequate rolling Interest
and taxes
~
331,825
324,837
stock, r-idiDgs and terminals. The resignation of J. \V. Jones
as President, of the company was formally
$245,715
$203,078
accepted, and G. Balance net surplus
Clinton Gardner was elected to succeed him. The following is
New York City & Northern.—At the annual meeting of
the ticket as elected : President, G. Clinton Gardner ; directors,
the New York City & Northern Railroad Company, the follow¬
G. Clinton Gardner. C. H. Clark. E A Rollins. B. K. Jamison,
J. W. Jones, Isiac N. Seligman, E. F. Winslow, A. N. Martin, ing directors were elected without opposition : R. M. Gallaway,
Jose F. de Navarro, Charles F. Woerishoffer, George J. Forrest,
C. H Allen, Bryce Gray, E. L. Oweu, B C. Rumsey, P. P.
C. K. Garrison, Lewis May, J. P. Kennedy, R. C. Livingston,
Pratt.
H. F. Dimock, A. F. de Navarro, Charles C Ljary, M. Ward
Cleveland & Pittsburg —The following is the annual state
and Joseph S. Stout.
The only change in the board was the
ment of this company for the year ending Nov. 30.
election of the younger Navarro in the place of Andrew V.
RECT.I ITS.
Stout, who has died since the preceding meeting. The receiver
Rental, interest, sinking fund, Are
$ L ,2 12,000
presented no report as to the condition of the company.
Interest o cash balances
,
.
.
1,058
i
Total
New York Lake Erie & Western.—1The earnings and ex¬
$l ,213,050
month of October, 1882, and 18V3 were as below,
include in 1883 the accounts of the New York
Pennsylvania & Ohio. The total working expenses of this
leised line are reported, and in the gross earnings 68 per cent
of its receipts, since 32 per cent is paid as rental.
The figures
for 1882 are for New York Lake Erie & Western only.
penses for the
'file earnings
nisnriisr.MhvJS.
Mortgage interest
$ : 17,720
Dividends
786.002
Sinking funds contributions
97,921
Maintenance of organization
10.111
1,212,055
’
Balance
The operations of the
'.
sinking funds for the year have re¬
bonds costing $178,223,
bonds at par.
tired $140,000 consolidated sinkiugfund
and $34,000 construction and equipment
Con notion Valley.—Rumors of a pending receivership have
been circulated and denied by the company. The
Boston
Herald says :
“ The company has had tome trouble with sub¬
contractors, who hold
disputed claims to considerable amounts,
$90,000 and $40,000. The interest on the
is in default since November, 1SS2, the
coupons due them having been funded, or rather it was voted
to fund them, and a portion of the holders accepted the offer of
scrip convertible into 1st mortgage bonds. The overdue inter¬
est foots up about $290,000, but there has been no demand for
it except from the holder of a few Srraitsville bonds who
did not participate in the reorganization scheme.
The interest
on the terminal and car trust bonds has been paid
promptly,
and the company has no outstanding obligations except the
interest and disputed claims mentioned above.”
the largest being for
first mortgage bonds
Illi nois Central.—The board of directors of the Illinois Cen¬
tral have voted in favor of the distribution of $1,740,000 to
shareholders of record on March 1, being a dividend (regular)
of 4 per cent, or $1,160,000, and an extra cash dividend of 2 per
cent
or
$530,000.
Iowa Pool—Utah Traffic.—The date of the
meeting of the
Chicago Burlington & Quincy and the Iowa pool roads with
the Union Pacific has been postponed from the 17th to the 24th
instant, bur meanwhile it is said that negotiations looking to a
settlement will be carried on.
At Chicago, Commissioner
Month of October.
Gross caihmgs
$703
Working
expenses
1883.
1882.
$1,819,010
$2,411,146
1,175,081
1,567,778
Inc.
$643,328
$813,368
Ine. $200,039
Inc. $592,136
392,097
!
Net
earnings
New, York Ontario & Western.—The annual
this company was held on Wednesday,
the meeting was the re-election of the
Jan. 16.
meeting
of
The result of
former directors, with
exceptions, by an almost unanimous vote. The exceptions
were
Conrad N. Jordan and Alexander Taylor, who are suc¬
ceeded by William C. Gulliver, of New York, and Charles Bard,
of Norwich. Conn.
The vote was announced by the inspectors
two
to
be—preferred stock, 17,539 shares in favor of the regular
comm-n stock 9S,158 shares, against 14,818 shares
opposition. The full board is now as follows : Edward F.
ticket, and
in
Winslow, Horace Porter, Charles F. Woerishoffer, Henry Amy,
Theodore Houston, Howard Mansfield, William C. Gulliver,
J’>hri L. Nisbet, William Adams, Charles J. Cauda, Thomas C.
Clarke, George B. Green and Charles Bard.
There was a contest at the meeting between Mr. C N. Jordan,
Treasurer, who has applied for a receiver, and the President
and his associates.
In the President’s report
the difficulties which had been en¬
opening the line were referred to briefly. The
report then said “that the unfunded debt of the company,
which is stated in the report to the Railroad Commissioners to
be $2,311,898 on Sept. 30, 18S3, has been reduced to $1,221,106,
countered iu
in which amount are included all sums due and claims for
which the company may in any way be liable under its con¬
struction contracts. The floating debt should be funded at the
earliest practicable date and a mortgage to secure bonds should
be placed upon the property, with the consent of the stock¬
Daniels drafted an agreement
Utah passenger pool between holders, as required by the terms of the charter; or income
Salt Lake and Missouri River points to embrace the Union bonds be issued sufficient in amount to procure the money
Pacific, the Burlington & Missouri, the Denver & Rio Grande, needed.”
Mr. Jordan, through his counsel J. R. dos Passos, has made
and the Atchison & Topeka roads.
The terms of the agree¬
ment are not known.
It was not approved by General Manager two applications for receivers, one in the State Court and the
Mr. Jordan avers
Clark of the Union Pacific, but the, subject is yet under cor - other in the United States Circuit Court.
sideration. The agreement will probably not be consummated that be is fully acquainted with the financial and business con¬
dition of the company.
until the Utah freight pool difficulties have been adjusted.
He is satisfied that the company is
insolvent.
He fears that the property of the company wili be
Lehigh Valley Kailroad.—In advance of the complete annual
seized for the benefit of a few creditors, and to the prejudice of
report, the following figures are reported for the year ending
He therefore asks for
November 30, 1883. The coal tonnage w; s 6,592.646 tons, an in¬ the stockholders and general creditors.
crease of 256,505 tons over 18S2.
Tue receipts fn»m all sources a receiver. In the complaint is contained a schedule of the
floating indebtedness of the company, which includes :
were $11,310,171, and the operating expenses $6,175,656, leaving
$171,703
a balance of net earnings
The
inter-st
of $5,134,515
charges Unpaid vouchers in tlic hands of the Treasurer
vouchers in tlie hands of the Auditor
102,825
for the year were $2,031,674; the dividends amounted to $2,210,- Unpaid
December
ay->n!ls in the hands of the. Auditor
$101,766
378; general expenses, ta^es and loss on Morris Canal, $421,926, Less am unt advanced by Treasurer
10,200—
91,565
—
looking to the formation of
a
-
s
[VOL. XXXVIII.
THE CHRONICLE.
8S
Notes outstanding
Loans outstanding
$510,371
412,749
-
$1,295,277
besides “debts for indorsement,” the amount of which is
known. The plaintiff charges Messrs.'Winslow and Porter
mismanagement.
The hearing is
adjourned to next week.
un¬
with
JJlxc (fmixnxercxal jinxes.
COMMERCIAL
EPITOME.
Friday Night, Jan.
18,18S4.
The improved prospects of. business with which the new year
California.—The Northern Railway Company
opened have been rudely disturbed the past week by failures in
(California) has applied to the Stock Exchange to have out¬
standing bonds, amounting to $3,904,000, listed. These bonds the wheat trade here and at the West, and by a semi-panic in
represent the road completed from West Oakland to Martinez, railway securities, caused in good part by the failure of the
Benicia to Suisun, and from Woodland to Tehama, aggregating North River Construction Company. Severe weather has also
about 150 miles. The bonds are dated January 1, 1877, and
been somewhat of an obstacle to business, and troubles with
are due January 1, 1907, with interest at G per cent.
labor from strikes, and failures of some importance in the
North River Construction Company.—The receiver ap¬
clothing trade are reported ; the latter show that the process
pointed for the North River Con. Co. on Saturday evening, Jan. of liquidation is not yet completed. Nearly all leading staples
12, is ex-Judge Ashbel Green, of Alexander & Green, attorneys
for the company. The application was made to Chancellor have declined through the weakening of speculative confidence,,
Runyon at Trenton, New Jersey (the Construction Company and general trade is dull.
having been organized under the Jaws of that State), the appli¬
It has been an unprofitable week to those on the “ long” side
cant being Mr. Lary, of Waid, Mackin & Co. of Newburg,
of provisions.. Lard and ;pork have been visibly affected by
N. Y. The N.Y. Tribune's report states that the Construction
Company, under its contract for the building of the New York the severe declines in wheat and corn here and at the West,
West Shore & Buffalo road, received $50,000,000 first mortgage and at the close to-night the feeling is one of uncertainty and
5 per cent bonds of the latter company.
The proceeds of these weakness. Western lard sold to-day on the spot at 9 02>ic.;
bonds have been spent, and in addition the $10,000,000 capital of
refined to the Continent, 9‘30c.; South America, 9-G(L*; futures
the Construction Company. Notwithstanding the expenditure of
these sums, the North River Company owes the contractors an opened quite steady, but soon became irregular and the final
amount stated by the friends of the company to be about figures were weak; Jai^xary, 8,92@S*95c. ; February, 8'95@>
$4,000,000. The West Shore road was finished to Buffalo, but 8'97c ; Dlarch,*9 03@9‘06c.; April, 9T2@9T5c.; May, 9*23@
there, are seventy-five miles of secund track to be laid west of
Syracuse, and also some other work to be finished.
Ir 9*25e ; June, 2 26@9 30c. Mess pork was again very dull and
is said that the laying of this second track is not necessary quoted on the spot at $14 25@)$14 50.
Iu beef little or nothing
.for the present;
that the road is fully capable of is going on, and city extra India mess is almost nominal at $24@
handling more than the amount of business that is expected
to be offered to it in the first two years.
The contract between $2G. Beef hams are also slow at $23 50@?24 for Western.
Butter has been
the twro companies, however, provided for the protection of the Bacon quite nominal at 8c. for long clear.
Construction Company, even if the original estimates of the cost less active, and Elgin creamery is now 41c.; others 32@40c.
of the West Shore line should be exceeded.
The accounts be¬ Cheese has been more active and firm for export; September
tween the two companies are not yet entirely made up, but
factory 13l4(8)13Mc. Tallow sells at 7%@7 11-lGc. and prime
under their agreement the West Shore Company has transferred
stearine at 9/20.; oleomargarine at 8%e.
on account part of the new issue.of its bonds. At. the meeting of
Rio coffee has been dull and weaker, fair cargoes closing at
the directors of the West Shore Company on Jan. 12 an income
mortgage of $25,000,000 was authorized,-the bonds to bear 5 per 12'Jc.; the supply of Brazil h^re in first hands has increased
cent interest, if earned, and to run sixty years.
The partial to 275,928 bags ; options have been less active at declining
settlement with the Construction Company was made that day
by the transfer of $10,000,000 of the new income bonds. The prices, closing to-day at 10 25c. for February, 10 "45c., for
remainder of the issue will be held in the treasury of the West Dlaich, 10 G5c. for April and 10 75c. for May, these prices being
Shore Company, to be used for future needs.
In is understood from 70 to 80 points lower than those cf a week ago; mild
that the Construction Company was granted an extension of
grades have sold fairly at easier prices. Tea has been active
.time, which will enable it to cirry out its contract if a satisfac¬ on speculation at higher prices; fully 25,000 half-chests of
tory termination of the receivership can be eventually secured. oolong have been sold on the spot, as well as considerable
The assets of the North River.Company include, in addition to Japan and green, while the transactions in Japan for future
the $10,000,000 new income bonds, a majority of the $49,000,000 delivery have also reached a large aggregate ; the trouble be¬
capital sb ck of the West Shore Company. This control amounts tween France and China is the basis of the speculation.
to over $20,000,000 stock.
Foreign fruits have been steady and moderately active.
General Edward F Winslow, President of the North River
Spices have been more active and firm. Rice has sold well at
Constiuction Co said in reference to the receivership: “The steady pi ices.
Molasses has been more active and steady.
application and appointment were made in the interests of the Raw sugar has been rather more steady but quiet on the spot,
creditors and shareholders. Iu no sense were the proceedings with fair refining at 5 13-lGc ; there was a larger business
hostile to the company, and the appointment was assented to to-day iu sugar to arrive, however, and the sales for future
by it. 1 he step was taken for the purpose of invoking the delivery have latterly increased, though at weak prices; refined
protection of the courts to preserve and hold intact the assets has been fairly active, and closed firm on the spot at S/|c.
of the company.
An important part of these assets is the for crushed, 8/S@S/|c. for powdered, 7/1 @7 13-lGc. for granu¬
control of the West Shore road ; we could not afford to lated and 7 7-lf(g7/2C- for standard “ A.”
dissipate that.” 'lhebulk of the indebtedness of tlie'Nortk
In Kentucky tobacco the movement either for export or con¬
River Company is stated to consist of notes given to contractors
sumption has been limited, and a slight irregulaiity iu prices
for work on the West {Shore Railroad.
Only a very small pro¬ is noticed ; lugs quoted 7@>8e. and leaf SM@il.e- ?8ales for the
portion of it consists of notes given for borrowed money. The week 08 khds., part for export. {Seed leaf has continued quiet
amount 1< aned upon the terminal properties of the West Shore and without features of interest.
{Sales.for the week embrace
6 Ontario Teirninal Company is $5,500,000. This was divided
1,300 cases, including 250 cases crop 1882, Pennsylvania, 10@
among tiust companies, other moneyed institutions and films.
20c.; 150 cases crops 1881-80, do., 8@llc.; 250 cases crop 1882*
Northern Pacific.—At a meeting of the directors of the Wi sconsin Havana, 14@20c.; 100 casts crop 1882, New Eng¬
Northern Pacific Railroad Company Dir. Robert Harris, one of land, 12@20c.; 150 cases crop 1882, sundries, 3>i@)18e.; and
the Vice-Presidents of the Erie road, was elected President of 500 bales Havana, 82c. @$1 15 ; also 150 bales Sumatra, $1 25
50.
the company To succeed Henry Villa
? Dir. Harris has been @$1
The naval store market has continued quiet, but. prices have
a director of the company since 1879.
He will resign liis office
in the Erie company and devote his whole attention to the been sustained by the firm advices from the South and England.
Northern Pacific.
Vice-President Oakes will remove to tSt. Strained to good strained rosin quoted $1 50@$1 55, and spirits
turpentine in yard 35c. Refined petroleum has remained at a
Minn.,
will
be GeneralDIanager of the company.
Paul,
and
standstill, but 9/be. is still the price for 70-abel test. Crude oil
Ohio k Mississippi.—Receiver Douglass reports to the Court certificates were slightly improved to-day by heavy covering of
as follows for December :
the “short” interest; the lowest price was $1 07/4* the highest
1SS3.
1882.
Cnsli on hand Doc. 1
$121,345
$122,192 $1 09% and the closing $1 09%. American pig iron has latterly
Receipts from all sources
515,821
(581,201 been more active, and a firmer undertone is noticed; there have
been estimated sales of 12,000 tons on private terms; $20 37/2
Total
$(537,109
/ $803,303 now bid for No. 1. Steel rails have been sold to tile extent of
Disbursements
395,918
515,214
10,000 tons at $34 50@>$36, deliverable at the mills. Wool is
Cash oil hand Dec. 31
$211,251
$288,149 still very slow.
In ocean freight-room the market has latterly been quiet and
Richmond & Danville.—This company has this week issued
very irregular, though early in the week quite a firm tone was
its December statement of gross and net earnings on all the noticed.
The movement has been small. Oil charter tonnage
lines operated by it as follows :
has had some iuquiry at weak and irregular iates. To-day
Gross Earnings.—,
Xct Earn ings.grain was taken to Liverpool by steam at 3d ; Hour, 12s. Gd.
December—
IS 83.
lss2.
1883.
Is 82.
{. er ton ; bacon, 20@>25s.; cheese, 27s. Gd@30s.; cotton 13-G4d.;
Richmond A* Danville.
$108,837
$132,047 grain to London, by steam, at 3%d.; do. to Glasgow, by steam,
$.'31,(510 $322,4 17
Virginia Midland
118,443
115,823
3(5,517
3d, 129 quoted 3/$>d ; do. to Antwerp, by steam, 3>id.; do to. Amster¬
C’haiTt’e Col. A* Aug..
77,nl2
80,851
27,788
13,-8s
(55,570
97.537
3.5,7:59
Columbia A (JifciiN...
52,43s dam and Rotterdam, 8c ; grain, by sail, to Lisbon, 11 %@T 2c.
Northern of
,
'
.—
West. No. Carolina..
Total
.
33,784
$930,350
29,914
$943,904
t
12,170
$279,078
9,419
$-40.45o
Cork for orders, by steamer, 3s. per qr.;
petroleum from Philadelphia to Levant 20c. per case.
do. from Baltimore to
refined
January 10,
THE CHRONICLE.
18S4J
COTTON.
as
Friday, F. M., January 18, 1384.
The Movement of the Crop, as indicated by our telegram?
from the South to-night, is given below. For the week ending
this evening (Jan. IS) the total receipts have reached
110,4(37
bales, against 90,215 bales last week, 140,612 bales, the previous
week and 201,086 Dales three weeks since;
making tiie tot,a'
receipts since the 1st of September, 1883, 3,757,674 bales, against
4,012,231. bales for the same period of 1882-S3, showing a
decrease since September 1. 1883. of 254,557 bales.
Receipts at—
Sat.-
Galveston
Hon.
2,703
Tues.
2,265
Wed.
707
Thurs.
3,9 40
Fi'i.
....
New Orleans...
5,221
1.83 4
4,5 14
Mobile...
36 i
Florida
......
•Savannah
980
1,413
1,333
...
Charleston
....
....
10,339
506
704
601
1,597
....
....
....
2,050
....
1,970
....
Great
Britain.
30,965
13,119
France.
51,005
!
‘Foreign
5,200
4.12 •
1,9* 2
None
None.
111,136
25,980
40,763
115,207
12.552
6.629
69.609
9 107
12,6,2
492
492
88.355
Stock.
Total
wise.
5,020
.4,60 >
Total 1863
notal 1882
Leaving
1 Coast¬
Oth er
20.263
None.
1,500
700
3,517
None.
None.
None.
Now York
Other ports
Total 1834
Shipboard, not cleared—-tor
None.
70
1.0 >0
80,415
4,800
None.
18,500
2. too
1 !, - 17
3 1 300
*13 922
1,292
l,o.5()
1,0 JO
227
.
2,228
....
On
Jan. 18, at—
12,003
227
2,468
....
Lambert. S9 Broad Street.
Gilveston
Norfolk
37,792
5,6! 9
4,639
are
Total
102
4.045
the
to-night also give
shipboard, not cleared, at
ports named. We add similar figures for New York, which
prepared for our special use by Messrs. Carey, Yale &
15.100
8.547
13.000
102
9,004
....
2,063
Brunsw’k, Ac.
....
In addition to above exports, our te,egrams
the following amounts of cotton on
New Orleans....
.Mobile
O lam ston
3ivannnh
*
Indianola, Ac.
89
42 670
0,-< 0
342.455
34.578
59,973
58.004
54,536
25,493
320.839
45.4 22
9,492
217,677
941,350
19,391
8.630
216,759
lb,l< (>
16,3 *3
5,550
14
705,454
0,894
19 07.049
Tiie
speculation in cotton for future deliyery at this market
a slight downward turn
during’the week unler rej
194
418
346
Wilmington
363
359
192
1,872 view.
There was an advance early on Siturday
morning,
Moreli’d C.,Ac
105
103
but the absence of demand to any
Norfolk
1 ,t)46
1,862
important extent soon
1,543
1,912
3,234
2,500 12.747
West Point, Ac
2,427
S >me revival
2,427 compelled the few sellers to accept lower prices
New York
1.183
1,399
602
848
746
953
5,633 of the crop movement seemed to be anticip ited ; the labor
Boston
622
606
435
632
1,469
616
4,480
troubles in Lancashire continued, and the stocks,
though under¬
Baltimore
3,998
3,993
going
were still large.
reduction,
Toe
depression
continued
140
2 57
266
Philadelp’a, Ac.
25
80
137
903
down to the close of Tuesday’s business, when the active
months had declined 12@15 points from the highest
Totals this week 15.185 13.021 17.401 16.0=2 15.170
figures
28,605 110.467
of the previous Saturday ; January and the next
crop were
For comparison, we give the following table showing the
week’s better sustained.
On Wednesday the reports by cable indi¬
total receipts, the total since Sept. 1, 1883, and the stock
to-night cated the early revival of manufacturing activity in Lanca¬
and the same items for the corresponding periods of last years
shire, through the termination of the strikes of operatives,
and there was an early advance, which was soon lost, and but
1883-84
1882-83.
Stock.
Receipts to
a
slight improvement was sustained down to the close of
This
Since Sep.
This
January 13.
1883.
1884
Thursday’s business. The troubles on the Stock and Produce
Week.
Week.
1, 1883.
1, 1882. jI
exchanges had some elfect in weakening speculative action,
Galveston
I 1-2,008
400,157 18,6 171 570.330 !
98,503 134.097 and the expected revival of the crop movement began to take
Indianola.&c.i
1 G‘31
7,072
Is
place. To-day there was an early decline of a few points
300j 14.410
New Orleans...! 37.702 1,196,419 53,202 1.011,237
under the dull foreign advices and increased
*12': one 301.203
receipts at tho
1,294
Pt. Royal, Ac.
1,893
....
3,774
....
1,790
895
....
....
,...
....
....
....
....
....
1,270
8,922
436
486
lias
taken
....
....
....
....
....
....
....
....
....
....
....
......
5,600
208,821
227
12,612
26,231
568,468
Savannah....
402
7,014
Brunsw’k, Ac
8,039
760
10,731
12,474
616,703
|
41,005
ports, though later there
92,301
95,8 39
decline of 4 points for
remainder of this crop and 7@9
50.078
8,922
352.367
9,464
5,308
435,2 43
486
11,601
1,444
10,511
74,820
2,100
91,354
Royal, Ac.
Wilmington....
1,872
3,6 46
07.362
8,215
10,933
105
80,767
10,721
180
11,077
12,747
462,060
13,102
540.452
41,806
72,95 G
166.150
3,786
159,710
New York
2,427
5,683
4,480
63,604
83,325
8,683
Boston
Baltimore
3,008
7,90j
4,134
8,70S
85,260
96,245
27,161
005
0,001
2,747
30,100
Pt.
M’head C.,&e
N orfolk
West
Point,Ac
Philadelp’a,Ac.
910
1
Charleston
326.389 133,495
6,885
22,095
4,160
22 288
12 279
7 252
110,167| 3,757,674 150,300 4,019.23 111.159 027 922
2 1 3
188-4
1883.
1
1882.
1881.
12,1! 0;37,7921
5.6.09
New Orleans.
Mobile
Gavanuah
18,923
12,G12i
Norfolk, Ac..
15,174!
All others
15,785 j
Tot. this w’k.
•
Since 8ex»t.
110,107;
71,344
8,039
12,47 4
5 511
15,973
9.678
3,835
4,901
3,453
16,883
25,131
18,571
18,6 M
22,397
13,836
150.390
99,990
138,879
168,28)
1.'375.7,674 4012.231 *3600,40.63830
Wftivesion
mcmues
inaut ,oia;
14,228
45,3:8
3,869
148.643
071 3614.110 3102.643
cnariestou incliuies Port
Royal, Ac.;
Wilmington includes Morehead City, Ac.; Norfolk includes City Point, Ac.
The exports for the week
ending this evening reach a total
of 140,822 bales, of which 94 321 were to Great
Britain, 10,286 to
France and 36,215 to the rest of the
Continent, while the stocks
as made
up this evening are now 1,159,027 bales. Below are the
exports for the week and since September 1, 1883.
Week
Exported to—
Exports
Great 1
from—
Conti¬
[France
RriCn.
Galveston
.8,901
New Orleans..
3!
.8061
Mobile
5.514
Florida
......I
....
Charleston
Wilmington..
9 072
nent.
Roston
Week.
326
9.227
16,975
58,753
10 263
314
Great
152,611
61,566
391,801 225,041
25.962
1.500
191,773
243.432
808 618
200
26.162
13,436
18,127
134.847
92,050
258,515
45,850
25 014
3.8 >
15,033
68,501
367.1 05
100
49,921
6,215
6,215
64,287
42,023
2,010
Tota
nent.
29,225
110.232
17.250
137.146
10 938
214,537
5.763
49,-24
Sat.
Ordin’/.$lb
87i«
didd’g Fair: 119,6
125,«
Mon Tues
87,g
87,o
87r
S7s
10*2
10*2
1.500
12:.,,.,
Th.
Frl.
87io
87io
8716
Midd’g Fair 11®:«
1 12=,6
4
10, (S
12^,6
—!
Includes exports from Port Royal., &c.
+ Includes exports from West Point, Jko.
9*8
8**,6
Frl.
8**16
-9*8
8**16
9*8
5*5ie 9*5,6 9 *=16 9* =16
105,6 10=16 105,„ 10=,6
109,6 10*'lH 109,6 109,6
0=i6
109,6
10%
10 34
10%
10%
10%
10*5, 10*46 10*=lf 104=16 10*5,6
11**16 ! ll;*m 1 1**16 11**16 119,6
11=16 1 1 1 = 16 11 = 16 11F’1« 11=16
H;:*K> H*:*ic 11* '*16 11>91G! 110*16 11 *‘*13
12**16 129!., l‘9,(< 12**16 * 12»i« 129J6
Sat.
Mon Toes Wed
|
Th.
Frf.
8*16
Low
9Jl6
9J16
9J ,6
57,6
8%
9716
97,6
Middling
Middling
10=16
MARKET
AND
1 0=,
6
|
Dl=i«
10 = ifl
8%
1051(i 1C=,6
SALES.
The total sales and future deliveries each day during the
week are indicated in the following statement.
For the con¬
venience of the reader we also add a column which shows at a
glance how the market closed on same days.
SALES OF SPOT AND TRANSIT.
SPOT MARKET
CLOSED.
?at..
Quiet at *,e adv.
Ex¬
it 01't.
Spec- Tran¬
sit.
sump. uTVn
Total.
.
The
Sales.
Deliv¬
eries.
-
375
....
’
283
=
0
52
b
375
(540
....
tr
....
FUTURES.
Con-
*■
Total
*
--I
42,531
9*5,6
1
8* * 16
9*8
Th.
8*16
68- 914 9 fvs 5.-73
^
13. "21
|
1D*|6
1 12=, a
8**16
9*8
We*.
8 »4
.
3,025
8*1,6
Frl.
8*16
603,791 2.258,166
509'
Th.
11**16 119,6
15,6 1 1 = 16
110*16 11 *'*16 111**16 11*9,6
129,,. 129,
1 29 e 12916
1
8*16
1 617 99? 96.3 150
33
129,6
115,e
IF’,,'.
115.6
8**4
21.519 131616
2 235
2**1«
Wed
119,6
8 s4
34 215 110.322 1,311,429 310,946
2,235
*lla'Jelp’a,&<-
i< 94
10 3,
10%
10%
1 0 *=,6 1 0* = !6 10* = 1G 10*5,6
8*10
202.171*
96,161
8**16
9*8
8%
175,364
34,111
Mon Tact
Sat.
8*16
99,5:5
i*
10U
Tues
Good Ordinary
Strict Good Ordinary
04,321 j 10 2^6
61,917
1
STAINED.
Total
3,925
1 0 -*4
Strict Ord..
K7^
87fi
87s
9*8
Good Ord..
9**10 9**16 9**16 91=16
Str. G’d Ord 10*10 101,6 10*16 10= 1 6
Low Midd’g 10*> 10 l(r>i6 10° 1(5 10**16
Str.L’wMid 10*e
10%
10*2 '10*2
Middling... | 10i)1(3 101*16:101*16 101 = 16
Good Mid.. 1 10*5,6 10151G lO’-Sift Haic
4tr. G’d Midj 11 ll« fi'is 11*16 11=16
Total 1HS2-S3
3 025:
| Mon
8*1,6 | 8**16
9*8
9*8
10%
iv^Mo
Tues. Quiet and steady
Wed
Dull and easier..
Thurs Firm
Fri.
Quiet
B ltimore.....
Sat.
10**16 10*1,6 101=16 lOl.Mg
l<):r,JP 10*^6 11;* 6 H3n»
U*10 11*16 11 = .4 1 1 = 16
11**16 11**16 110*16 1 I 0*16
Wed
Ordin’y. $50
^air
TEXAS.
8**16 8**16 8**14
9*8
9*8 I 9*8
9**ib 9**16 9 * = 16 ! 9:=16 9*5,6 9* 5 If 9*5,6 ! 9*5j6
10»io 10*16 1(1 = 16 110=16 10 ’16 10=16 10=i6 10=,«
10-v, 10-5,6 10*1,6 10*>,6 10*>,6 1* 9,6 10**16 109,6
Conti¬
Britain. Frame
20,952
1
8.6 4
5,76 ?
From Sept. 1.1883, to Jan. 18,13*4
Exported to—
10 689
17.254,
...
Total
5,514
.
Norfolk4New York
Ending Jan. IS.
Jan. 18.
IS.082
13,193
NEW ORLEANS.
LI/
v»ir
39,3 LS
10,903
w
17.927
9,333
21,307
9,543
17,8 33
11,751
L
17 114
20,728
53,292
20,831
15,539
2,490
14,660
23,511
9.408J
1,977;
Charl’st’n, Ac
Wilm’gt’n, Ac
***
•
18,8 47
1
Galvest’u.Ac.
</ U / V
9,919
181 9.
but the close
recovery,
*
Strict Ord..
87s
Good Ord..
9**10
8tr. G’d Ord 10* 1(3
Low Midd’g 10'Uo
Str.L’w Mid 10^2
Middling... ldl: 10
Good Mid..
Sir.G’d Mid! 111 if,
1830.
some
January, 12 points for the
points for the next crop, as
compared with last Friday. Cotton on the spot has been
quiet, and the limited demand was mainly for home consump¬
It was easier to buy on Tuesday, but quotations were
tion.
not reduced.
To-day the market was quiet and nominally
unchanged at 10 11-lGc. for middling uplands.
The total sales for forward delivery for the week are 475,000
bales.
For immediate delivery the total sales toot up this week
2,894 bales, including 36 for export, 2,16*5 for consumption,
392 for speculation and
in transit. Of the above,
bales
were to arrive.
The following are the official quotations for
each day of the past. week.
UPLANDS.
In order that comparison may be made with other
years, we
Receipts at—
was
a
1
Total
Savannah
at
was
36
237
30
2.4(50
....
3J2
375
263
520
70.000
300
00,900
8 i.30()
375 112,200
1,032 (52,900
323
81,700
500
800
800
400
900
1
Mobile
Florida
392
daily deliveries given above are actually
previous to th it on which they are reported.
2,894 475.000
dulivored
the
3,700
day
The Sales
by the foiiov-
Prices cf Futures are shown
and
found the
In the statement will be
ing comprehensive table.
and
daily market, the prices of sales for each month each day,
the closing” bids, in addition to the daily and total sales.
S
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107,000
123,000
37,500
38,500
5 1,390
335,890
56,000
50,000
548,000
6 IS.500
481,390
Total East India, Ac
Total American
1,351.166 3,211.021 3,059.132 2.746.448
14id.
09]ad.
5^ 1515ig'L
i^pThe imports into
Continental ports this week have been
S4.C00 bales.
The above figures
pared with 18S1.
At the Interior
Town3 the movement—that is the receipts
the week and since Sept. 1, the
the stocks to-night, and the same
tor
shipments for the week, and
items for th^ corresponding
in the following statement
period of 1882-83—is set out in detail
rr yA
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been made during the week:
1.000 Apr. for Aug.
! 00 Feb. for May.
500 Feb. for .Mar.
200 Jan. for Feb.
100 Feb. for Julv*.
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for each month for the week D also given at bottom of table.
Transferable Orders—Saturday, 10-Tuc.; Monday, lO'/5c.:. Tuesday,
10*G5c.; Wednesday, 10 05c.; Thursday, 19'Ooe.; Friday, lu-Coe.
c
a i
i-1
M
C
®
►i
pd. to exch.
pd. to exch.
pd. to exch.
pd. to exch.
pd. to exch.
—'•
cCv;c -'oc c.cc
10
4
4- to CC -1 tO »•: CC to CC
c a cccp ccppp
to
go
!
average
*37
*47
*17
pd. to exch. 1,000 Feb. for May. | *« 4
pd. to exch. 100 Feb. for Mar.
*71
?34 pd. to exch. 1,000 May for Aug.
>■ •»••
s
©
Includes sales in September. 1883, for September, 70.200 ; September-Oetober, for October, 338,000; Septeinbcr-November, for Nov ember,
399.800; September-December, for December, 800,500.
We have included in the above table, and shall continue each
weea to tfivo, the average price of futures each nay for each month.
It
Will be found under each day following the abbreviation “ Aver.” The
•24
•15
•32
•40
•17
.»
00
b' 69:
*
following exchanges have
pd. to exeh. f>C0 May for July. I
pd. to exch. 500 Mar. for April. |
pd. to exch. 500 Feb. for April, j
2:
S<-»
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as
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9 £ 9 & t>-»
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•® 35M
®
?3
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93
®
lag:
1 S; 1
-
.
sight
indicate an increase in the cotton in
to-night of 140,145 bales as compared with the same date of 1883,
an
increase of 294.984 bales as compared with the corres¬
ponding date of 1882 and an increase of 607,718 bales as com¬
w
o
'
:
40,000
supply....
Liverpool
Total visible
Prioe Mid. Upl.,
„M
oc
88,000
,806,160 2,595,521 2,577,792 2,410,558
C CC :j»—4 V M 1—
X © © -) M C Cl
-1 c -- c tc c 0
i
265,000
Egypt, Brazil, Ac., afloat.
P
P
^
12,800
19,200
110.000
O
e
©
to
922,213 1,153,383
31 8,*-»09
332,108
117.000
•
—
r-
347,000
97,000
787,000
892,1 C 9
277,359
10,000
130,000
121,000
479.000
153,000
o:s,ooo
232.000
55.000
»-Ml= M
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W —
r
10,000
12,800
19,200
101.890
14 1,000
31.000
to
:
.
1,806,166 2,595,521 2,577/792 2,410,558
3
M
1 a-
f -:
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651,890
88,000
787,000
“ 40,000
892.199
277,359
88,000
*—
9 9
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p.
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0 *■*'
00
9-»
800,390
141.000
116,000
479,000
618,000
31.000
50,000
922.213 1,153,383
332,108
378,009
Continental stocks
India *atloat for Europe...
o
lit
a»
^
a 03:
,117.000 1,150,500
76,400
105,100
ra
M
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1
143,390
Indian,Brazil, dc.
London stock
3
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99
99
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225,890
213,000
56O.000
Liverpool slock
c
05 Co
X c
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to
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260,100
17.000
o *T
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O* 0*
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Mt-oo1-1
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3,500
2,530
328.139
M,
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5,000
1,8 CO
-
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toco
tc w
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5,000
.351,166 3,211,021 3,059,182 2,716.448
and oilier deueriptiona are aa fuliov. a:
Total American
^
4H
© to
M M ^
M MQ
5,500
24,700
,159.027
Kast
k-*
f-f
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1
4,200
35,000
4,000
44,000
7,900
cian
u.
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6 "*
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1 «m;
400
500
17,000
?
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^
to to
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1,800
23,000
17,900
1,000
07,300
328,139
c©
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1-
to
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503,500
034,500
2,200
41,960
11,300
119,000
to-day.
2M i
c
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1 e>-R
MM-lH
f— M ^ i-1
tc CO
Cm
ccco
XM
^
1881.
470,000
33,500
37,500
5 49,000
1
2 1i
!
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tc to
-i to
®
-
2,090
500.000
-56.000
Continental stocks
American ailoat for Europe..
<1
c©
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M
I ^
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77
-m
to
4»
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to I
C5 tO
m-4
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to
C
tc to
CC -1
1 ©.w:
►— 4“
r-+
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p po p
P © f-
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h- r-*
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to
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►“*
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i_i
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3.400
800
151,000
,159,027
American—
> 1
CO
c c
C. 05
PP
i~<
900
3,500
1 19.000
7.000
117,000
Total visible eupply... —
Of the above, the totals of Amt
“*
*b
;>
V-
-■*
®
MO
I & W
I
►—1 H* P.
o
§
®
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,—
25,400
14,000
Stock in United States ports .
Stock in U. 8. inferior towns.
Uuited States exports
M —
c
r— m-
>-*
^
05
#
M h-*
6 6© 6
Egypt,Brazil,&c.,atlt forE’r'p
»o
2
c-"»
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fI
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^
66
2
59,000
•18,000
331,1 09
stocks...
2
o O'
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x
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to
! &
1 s.
1 a>-i:
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890.400
4,000
10,000
7,000
I s£
COqO
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a >x
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66© 6
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<
780.000
2.000
44,000
Total European stocks...
ndia cotton alloat for Europe
Amer’n cotton alloat forEur’j
I s-c:
V ►"*•
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HH-JM
b "*
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99
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>-*►-*
99
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Cl 6 c 6
I &
c c i: c
-4
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6
OCcO
4-1
Total Great Britain stock
diock at Hamburg'..
•Stock at Bremen...*
3 ock at Amsterdam
Stock at Rotterdam
8;ook at Antwerp
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Genoa
Stock at Trieste
Total continental
-i
1 s
4-
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cc
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W
£ '*0
<d d
coco
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to —
OC o ©
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a cc
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=5 2
55,000
Stock at London..
1382.
597,000
13^3
814,000
76,400
CO
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and.consequently all the European figures are brought down
to Thursday evening.
But to make the totals the complete
Sgures for to-night 'Jan. 18), we add the item of exports 1’rom
the United States, including in it the exports of Friday only.
1884.
73 l .000
b
6
if-
>,
§
I
_
-S'
The Visible Supply oi Cotton to-night, as made up by cable
and telegraph, is as follows. The Continental stocks, as well as
those for Great Britain and the alloafc, are this week’s returns,
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[Vol. xxxvi a.
THE CHRONICLE.
99
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Stock iictuul count,
t This year’s figures estimated.
*
The above totals show that the old interior stocks have cZeertased daring the week 28,406 bales, and are to-night 3,969
January 10,
THE
1884.]
CHRONICLE
inches
334,877 bales less than for the same time in 1SS2-83.
Quotations for Middling- Cotton at Other Markets.—In
the table below we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each
day of the past week.
CLOSING
TJYtf/r end lay
Jan. 18.
QUOTATIONS FOR MIDDLING COTTON
Mon.
Tues.
10 4
104
104(5
104c
105,*
Galveston....
New Orleans.
Mobile
Savannah....
Charleston...
1 051G
1071g
103s
10 4c
104
104
10 4
Wilmington..
10li6
104.
104
104
104
10*4
10 *4
104
Norfolk
10*4
104
10,J8S; 4
104
Philadelphia.
103104
Augusta
104
Memphis....
et. Lrouis
104(5
Cincinnati...
10l4
Louisville.... 104 ^>4
Boston
Baltimore.
Wcdncs.
Sal nr.
..
105
10 M
10**4
10-4
104
10^4
10^4 '
104
10*6
104
104
104
U :4
10*4
10:4
K :4
10*4 g
10° l G
104
104
104
104 g
10*4(j
104g
103, r>
104
10 4 a 4
104
104
10*4
10 4ft14
104
104
lu4
104
104
104
104
104
104
days
during the week, the remainder being cloudy, with rain on
two days and slight snow on one.
The rainfall reached one
inch and sixty-one hundredths. Average thermometer ;34,
highest 55 and lowest 21. Last week was very cold, with five
inches of snow on one day.
The thermometer averaged 21,
highest 46 and lowest 2.
Pine BluJJ', Arkansas.—The early part of the week was
clear and pleasant, but during the latter portion it has rained
on three days.
All the roads are very bad. The thermometer
has averaged 35, the highest being 56 and the lowest 20.
No
rain fell during last week, but on ono day about five inches of
snow fell on frozen ground.
A cold blustering week; unusu¬
ally so. The thermometer averaged 20, highest 46, lowest 2.
Fort Smith, Arkansas.—Telegram not received.
Helena, Arkansas.—We have had rain on two days of the
H)M
I03e!
10=4
.
Fri.
104
pi 4
ie.
104
104
104
1C 4
104
104
10'8
week.
; ,
s
Little Rock, Arkansas.—We have had but two clear
ON—
Thurs.
104
104
104ft 4
104
104
10 *4
104
104
104
Receipts from the Plantations.—The following table ir
prepared for the purpose of indicating the actual movement eacl
week from the plantations. Receipts at the outports are some¬
times misleading, as they are made up more largely one yea
than another at the expense of the interior stocks. We reach
therefore, a safer conclusion through a comparative statement
like the following. In reply to frequent inquiries we will ado
that these figures, of course, do not include overiand receipts oj
Southern consumption; they are simply a statement of the
weekly movement from the plantations of that part of the ero;
which finally reaches the market through the out-ports.
week, with
Wuh
Receipts at the Ports.
Ml’-82. j’62-M-3.iM3 ’84
SVI: atlnterior Towns.}
2
Nov
56 and the lowest 26.
Nashville, Tennessee.—We have had rain on two days of
inch and eighty-one hun¬
remaining in the country
tributary to this point is small. The thermometer has aver¬
aged 34, ranging from 11 to 51
Mobile, Alabama.—It lias rained on four days of the week,
the week, the rainfall reaching one
dredths.
The remnant of _t!’e crop
Id
...
..
Dec.
1
...
.
21..
28
Jan.
1
.
...
|232,2Id'
255,007'
3:457.021 336 ,!;9l‘423,577:218, 343
1,,0801408,586 379 ,855 422.3! O'210, ISO
295
'200.024; 251.923' 2.
294 785 200,4V
152,429, 224-.1 97;
I
i 9.990- 150.31
110 ,0:2 453.059 3 3 017 407,1.71 139. 502'228,
90,,245 435,050 380, 2 IS
o' 110 467*419,013'367. 96-7
380,808! 90, 2
360.715
9
45, highest 61, lowest 26.
107 304.932
,085*261,004
! 20(3.835 25S.no 24 T,,73
;n 1,8 :'S 175,382,
..
Montgomery, Alabama.—We have had rain on four days
of the wede, and the remainder of the week has been cloudy
and wet.
Tiie rainfall reached one inch and sixteen hun¬
dredths.
It is raining hard to-day.
Average thermometer
.185,303,08(3^:75
j241.57d! 262.0 !5; 2S1,,1(3;! 415,530 i99 ,528 410.24(3 271, ,513,270
...
IS
aging 48.
,537j27.\75S
242 1(30 222
...
11
1
510,367,000 25 ' .175 359.7 4 253 ,570 257 ,221 '238 820
.700 3 74,56 4 24< ,100 271 ,022 217,001
222
222.170'
.233.841' 247.0’.7 205,,48-1 415.599 291 ,370 3 0,477 2 il, ,357 26 2 ,093 277.397
.!
30....
and is raining to-day.
The rainfall reached ninety hundredths
of an inch; '1 he thermometer has ranged from 28 to 67, aver¬
Ml-’ 2. M2-M3. M3-M4. ’31- ’82. M? -M3.|MsS-»S4
,0011322,1(31
...
23
*•
225,2^5 230,(323 241 .921 290,140 175 ,092 273,731 2 M ,893 2 -2 ,395 281,009
233,820; 2(52,?51' 207
21! .710 313,249 265 ,311 298 .899 304,119
213.4(32 259,134 212,,0781345,700.244 .123 343,t»3y 257 ,0C7 291
..
9
| Selma. Alabama—It has rained on three days of the week,
j the rainfall reaching fifty lmndredtlws of an inch. The theri mometer has averaged 42. t he highest being 62. and the low-
7t9* 126.270
171, 983
72,16,}
8:1, 9-3 138. 109
81,284
rainfall of two inches and five hundredths.
ranged from 28 to 54, averaging 38.
Monticello, Arkansas —Telegram not received.
Memphis, Tennessee.—It has rained on four days of the
week, the rainfall reaching one inch and seventy-three hun¬
dredths.
The thermometer has averaged 36. the highest being
Rec'pts from Plant’ll
.
a
The thermometer has
RECEIPTS FROM PLANTATIONS.
ending—
and
fifty-one hundredths.
The thermometer has
ranged from 27 to 63.
Vicksburg, Mississippi.—We are having too much rain.
It lias been showery on five days of the week, and the re¬
mainder of the week has been cloudy.
The rainfa 1 reached
two inches and fifty-two hundredths. 'The tributary rivers
are higher.
The thermometer has ranged from 26 to 63.
Meridian, Mississippi.—Telegram not received.
Columbus, Mississippi.—It has rained on three days of the
bales less than at, the same period last year.
The receipts at
the same towns have been 23,782 bales less than the same week
last year, and since September 1 the receipts at all the towns
are
91
est 25.
Maclisv2, Florida.—Telegram not received.
|
The above statement shows—1. That the total receipts from thtMacon, Georgia.—It has rained on three
plantations since September 1, 18S3, were 4,069,233 bales; ir ! The thermometer has ranged from 29 to 63,
18S2-83
were 4,363,713 bales; in 1881-S2 were 3,074,018 bales.
2.—That, although the receipts at the out-ports the past week
were 110,467 bales, the actual movement from plantations w;u
only 81,284 bales, the balance being taken from the stocks at the
interior towns.
for the
same
j
Last year the receipts from the plantations
week were 138,100 bales and for 1882 the\ were
reached
S3,9S3 bales.
Amount
of
Cotton
in
Sight January 18— In the table belov
give the receipts from plantations in another form, and
add to them the net overland movement to January 1, and
also the takings by Southern spinners to the same date, so as to
give substantially the amount of cotton now in sight.
we
'
1883-84.
1833-83.
Receipts at the ports to .Tan. 18:3.757,074 4,012,231
Interior stocks on Jan. 18 im
excess of September 1
i
311,350'
i 1881-S2.
j
1880-31
,*3, GOO, 10.13,-39,071
351,432
373,6181 270,124
plantat’nsjl,009,233 1,363,713*3,074,018 j 1,103,495
Tot. receipts from
Net overland to Jsuunry 1
Southern consimiplTi to Jan.
Total In sight January 13
j
1;
...
382.115'
J23,0:0
413,082i
139,000-
323,510 j
316,763
100,000
85,000
11,574,64814,906.79514,397,523
1,511,253
It will be seen by the above that the decrease m amount in sitrl t
to-night, as compared with last year, is 332,147 bales, and that the
increase as compared with 1881.-82 is 177,120 bales, and with 1880-81
is 63,390 bales.
Weather Reports
by
!
four hundredths of
inch.
Columbia, South Carolina.—It has rained on three days of
the week, the rainfall reaching eighty-one hundredths of an
inch.
The thermometer has averaged 51. the highest being
60 and the lowest 42.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o’clock
January 17, 1884, and January 18. 1883.
Jan. 17, ’84. Jan. 18, 43.
New Orleans
moderate, and the roads
Memphis
in better condition.
Galveston, Texas.—It lias rained
Nashville
five days of the week,
the 'rainfall reaching three inches and six hundredths.
The
thermometer has averaged 51, ranging from 35 to 66.
lndianola, Texas.—We have had rain on four days of the
week, the rainfall reaching four inches and fifty-six hun¬
Tiie thermometer has
on
ranged from 34 to 71,
on
Shreveport
Vicksburg
Below liigh-water mark
Above low-water mark.
Above low-water mark.
Above low-water mirk.
Above low-water mark.
Feet.
3
17
31
10
J4
Inch.
11
10
11
5
6
Feet.
9
8
16
17
16
Inch.
6
5
2
10
0
reported below high-water mark of 1871 until
Sept. 9, 1874, when the zero of gauge was changed to high-ws ter
mark of April 15 and 16, 1874, which is 6-10tlis of a foot above
1871. or 16 feet above low-water mark at that point.
New Orleans
averag¬
ing 53.
Palestine, Texas.—It has rained
The thermometer has
lowest 39.
improved considerably at the South. There has, however, been
rain in almost all sections, but in general the rainfall has been
dredths.
an
averaged 52. the highest being 68 and the lowest 38.
Augusta, Georgia.—Tiie early part of the week was clear
and pleasant, but it has been showery on three days during
the latter portion.
The rainfall reached twenty-1hree hun¬
dredths of an inch.
Planters are marketing freely. The
thermometer has averaged 49, ranging from 33 to 68.
Atlanta, Georgia.—It has rained on two days of the week,
the rainfall reaching seventy-two hundredths of an inch.
The
thermometer lias ranged from 24 to 58, averaging 11.
Charleston, South Carolina.—Vic have had no rain dur¬
ing the week. Average thermometer 52, highest 70 and
Telegraph.—Tiie temperature has
are
days of the week.
averaging 48.
Columbus, Georgia.—'The rainfall during the week reached
ninety-live hundredths of an inch. Average thermometer 46,
highest 65 and lowest 30.
Savannah, Georgia.—It lias rained very lightly on four
days of the week,, the remainder being pleasant. The rainfall
three days of the week,
India Cotton Movement from all Ports.—We have re-arranged
India service so as to make our reports more detailed and
our
reaching one inch and ninety-eight hundredths. at the same time more accurate. We had found it impossible
to keep out of our figures, as cabled to us for the ports other
Average thermometer 45, highest 62 and lowest 28.
New Orleans, Louisiana.—We have had rain on four days than Bombay, cargoes which proved only to be shipments from
of the week, the rainfall reaching fifty hundredths of
one India port to another.
The plan now followed relieves us
an
inch. The thermometer lias averaged 51.
from the danger of this inaccuracy and keeps the totals correct.
Shreveport, Louisiana.—The weather lias been generally We first give the Bombay statement for the week and year,
cold and wet during the week, the rainfall reaching two • bringing the figures down to January 17.
the
rainfall
r
THE CHRONICLE.
92
BOMBAY
RECEIPTS AND SHIPMENTS FOR
Shipments this week.\
81
fear Great
BriVn.
_
Great
,
,
6,000 7,000* 13,000
5,000 l ',000.20,00-a
1882 19.000 O.ooo; '6,ou0
1881 7,Ou0 8,000 15.000
1884
24,000
1883
IS,000
49.000
13 ooo
Receipts.
This
Week.
Total.
Strict
Jan. 1
55,000 .‘16,000
31,000
28.000
2».000
113,000
90,one
103.000
64.000
46.000 34.000
74.000 4L.000
28,000 25 00«*
15.000
has caused to the young bolls, and it is probable that the later cotton
pickings will be improved by it, although tue first picking undoubtedly
suffered greatly. But there seems reason to apprehend that the cotton
crop of Wurdlia and Nasrpar will be decidedly below the average,
whilst that of the other parts of the provinces will be rather in excess
of it.’
As regards Broach and Dhollera -, both are reported t > be p*ogressingfavorably, aud subject to the weather during tile next-six weeks,
being favorable, good yields of both may be looked for.”
FOUR YEARS.
Shipment* since Jan. 1.
j ContiTotal. Britain'. nent.
Continent
Liverpool Settlement Association.—With reference to the
particulars we published on December 1 of a projected associa¬
tion in Liverpool for
making fortnightly settlements of
contracts for future deliveries, we can now state that the*
association started into life on January 1.. But as the members
number only 62 firms, and the Liverpool Cotton Association
contains about 300 members, the invitations of the 31 original
projectors for others to join them has been but very partially
responded to.
According to the foregoing* Bombay appears to show an
increase compared with last year in the week’s receipts of 2,000
bales, and a decrease in shipments of 7,000 bales, and the
shipments since January 1 show an increase of 9,000 bales.
The movement at Calcutta, Madras and other India ports
for the last reported week and since the 1st of January, for
two years has Iven as follows.
“Other ports” cover Ceylon,
Tuticorin, Kurrachee and Coconada.
Shipments for the week.
Shipments since January 1.
The Settlement
-
Conti¬
Great
Britain.
Calcutta1884
18e3
Madras—
1884
1883
All others—
18.4
Great
Britain.
Total.
nent.
3,300
3.30
6,300
15,0u0
8,000
1,500
0,500
1.200
1,2O0
1,000
1,U00
GO t
600
Continent.
2.200
2,000
1,400
1,000
1,400
-
1,000
---•
Total all-
5,100
7,500
1883
1,5*00
5 100
9,900
9,00«»
18e-00
9,000
19,500
1.500
The above totals for the week show that the movement from
the ports o’her than Bombay is 3,900 bales less than samweek last year. F >r rhe whole of
ments since January 1, 1884, aud
of the two previous years, are as
e v poir rs to
ta
1884.
Shipments
to all
&•»
Europe
from—
—
CV
j
Bombay
All other ports.
1
ALL
Th is
iced;.
j
i
|'
Comparative
1882.
Since
Jan. 1.
Since
Th is
wed;.
5 ’•.(»<«
ld.Ouo
5, too
>
18.10O
6 I.O-
|
Jan. 1
(»|
20.000
9, • 0. ■:
-i
6,000
28 oOO
19,5>b
14,700
74,00"
27.O00
29.0 )0
(5.5.5(‘< >
42.700
101.500
This last statement affords a very interesting comparison ot tinmovement for the three years at all India ports.
Alexandria Receipts and Shipments.—Through arrangeraents
we have made with Messrs. Davies, Benachi & Co., of Liverpool
we now receive a
Egypt.
16
1883-84.
i
1882-83.
Th is
week.
-
i
;
Since
Sept.
To
To Continent
Total
*
Europe
95.090
!
100 f 09
j
22)27,550
;
Liverpool
...
This j Sun
week. Sept. 5
[ Since
j Sept. 1.
23
-
L>
a
7
7
7
8
893,664
.
!
8.000 1J 6.000
I
1
1
7,000’ 14 8,000
J7
ft 7
ft) 7
ft 7
ft) 7
l'e
1 'a
5 ‘8
‘8
5 1" j-",
f>
51
•' I
(5
8q lbs.
1532-83.
1883-6 1
\
d.
d.
91 m » oq
8 7rt ft PJ*2
S7^ ft ‘t1!s78 (t 9 8
8 7k ft
i * L>
97q ,[ (U„
97
-
ft
8.
d.
5 It*
»
6
6
6
6
6
9:V 6
3
3
3
3
1
6j8
9
<
ft 7
9
6
a
7
9
tt
7
7
7
717
it 7
28.830
a.
3o,20s
22,227
21,0.5(5
24.328
23,124
30,7 90
3*5,437
14
4....
29,1 SI
17,92*:
11 .Ml-
8.
14.9 49
D....
1 t.49u
33.895
23,(05
13 3*7
23,5 1-
8.
6....
'8.
31.713
37,231
16,7 7 3
22,00*
33,2 4 &
7...
20,021
9,986
17.951
25,0 0
10,92
8....
30 6 .3
8.
17,28(5
] 7,35
9....
7da
5q
7
(5
1 bj
5n x
it 7
0
ft
i
7
•
14.529
.
14.394
1 6,88.5
19.710
21,(540
8.
34,762
20,016
1
2*5,0 19
16 3 18
26,8-0
2u.il 1
23,926
•
11...
1 1.129
25.77(5
S.
13,778
“
12...
15,18 5
28,54.
13....
8.
23,75*--
“
1,73
.
*
15,187
18.0
12 362
20 OsO
22,132
8.
31,58
1 -,5i>9
21,12,
2
]
9,0 1.0
24,3 17
29,700
2*5,093
15,1.66
15,902
13,(501
2 :,087
35,198
22,115
15,73
23,0 7 *
8.
20,397
14....
16,(*2l
8.
12.200
17.40
i
31.009
8.
16....
1(5,082
10.(501
17,(501
17....
15,170
2 1.706
18....
2 ',<
20,3 1(5
05
(5
23,732
22,120
i
15....
Total-
-.
777
‘•Small pmveis tif<) nrawittt
and Ilinjcvnghst arc now coming
in, tbo- quali.y "I winch, aitli iu!i poor. is lu*nc.r than wasexpee c i,
c.-vpi via Ii\ the 11 i11 (-iigli.it. and the stain wlti.-h is so apparent in the.
sample lots will, it is e (it cn d. d crease as (lie cotton conies di wsi. I he
Di'ccio* of Agr culture in tae central pun i ires, in writing to the
■
or
port r« c’pts
i
is 3.181,3 L 9
2,974,392
totall
Jan. is;
This statement
Chamber ot (’em merer, sn s that ratlc r mot e a'tea ge wa - put tin tier eultix at ton in the X n pa r ,iM t i,-t and n tit nil
provinces t hm last year, and tip
to 1st (>rt< In i -1 he date u > to which his I* • port extends —tin* mu i t mil
<><
the i'l l ' <
s si'i-f.,ri(UT.
Ileavy lain, however, dn i .gtlieilii d
wrekof October i* jilted the vruitir lioll-prd lit - excessive'dam;* d1 ay ed ill*- 11: a 111 ri 11 g . • I Ih ( Ian s.
the t'estl 11, I he di I eel or w til es t o sa V, |
will he s: a in tied nn I,- . a f in tin- first pickings. Inn tiy » m vi .a. rat ng tin-
l'or the injury which it
3.757,67 i 3,981,33 5 3,5 59,(53 7 3,7or,s
..
Pcrccntag (>
Oil,
East India Crop —M essis. Wallace & (\> ’s effton report,
dated Bombay. Dec 14, 1883, furnishes the*t\>llowing :
some iciuru
8.
j (
1j2/7
ft
X
10...
“
51H,
1
3,120, •'71 2,651,013
15,776
9,614
35,4 s
‘
7 l*>
o
i
20,2. 4
8.
1 8.20s
“
0 -j
5,253,82c 3,15»,«*9
1878-79.
18,8s*
19,977
a
•
40,36
1879-90.
2
“
Upul
«1
4 bj
8.
19,9 51
1660-si..
188I-s2.
3....
“
Mia
Shielings.
d'-Ms 6 As ft 911 6
51-0., w5s ti> 9 '■! 6
plants, it will, however, h..\y made
59*60
“
“
(Jot/
325 Cop.
Iwist.
s
d
•-
62-30
“
U
lSS.J-3
(Jotr n
Mi i
a
56 St>
66 93
Tot.Dc.3! 3,179,93. 3.514,47.
s.
-
996,6 *7 1,020,802
58-38
Jan. i
Upl
974,04
■
17,9.53 23,5.962
Jm
956,46
12,000j 191,000
“
30 8 ‘s n !"s 5
1
Dec. 7 8 ’8 '<£ 9‘8 :>
1
“
*»
5
14
2 ‘-2
“
r Jo ■/ 0 1 21» S7* 75
if
*> vi
8 :»h
5 *._• v(5 1 1 s
O
ft 8'8
7
,t
Jail. 1 6 'o
9
1
r"1
<»
Is
7
1
11 Ism> 7t
w 7
“
Is ! ^ r,s n 9iM “S 10
w7
21“
-
942,27-
1,030.360 1,09 4,6 7 [
i ,05
,(553 1,112,536
1 3 OOO 235,000
Shirtings.
O
1,006.50’
288,848
689,204
779.237
l0.P53j 87.982
8*4 lOs.
~5
888,49
4,0, 0( 4.5,000,
■•“*•--4
*•
333,6 t
9(56.31
Navernb’i
”
<1.
6
458,47-
853,195
10.0 >0 16 1.0 >0
3,00
71,000
prices for comparison.
«t.
p
429.777
i|
.
This statement sli >ws that th* receipts for the week ending
Jan. 10 were 1( 0,000cantais aud the shipments to all Europe
were 13,001) bales.
Manchester Market.—Our report received from Manchester
to-night states that the market is firm and slightly dearer. We
give the priees «>f to-day below, and leave previous weeks'
(1.
Nov 16 87v?
j
960,56
This statement shows that up to Dee. 31 the receipts at the
this year were 34,535 bales lest than in 1832 aud
228.115 bales more than at the same time in 1881.
By adding
to thu above totals to D,-c. 31 the daily receipts since that time,
we shall
able to reacn an exact comparison of the movement
for the different years.
-
A cant.tr is os IUn
32s Cop.
Twist.
1878.
'
1881-32
1,821,000
This
iced;,
1.
Exports (bales)—
1879
ports
i
00,000
2,242.oOo
1880.
Totalyeai 3,179,937 3,514,473 3,253,822 3,451.0 9 5,129 sri 2,651,013
J
Tins week...
Since- si-jit. l
Movement.—
326,65*
1,016.092
P rc’tUKC (>! tut. pot
S) Dec.
31..
~
Receipts -cantarso—
313.812
1881.
Octoner
Beceiub’t
of the previous two years.
Jan nary
Dailv Crop
and
Beginning September L.
1882.
1883
Sept-hub’•
weekly cable of the movement ?•
of cotton at Alexandria, Egypt. The following are the receipts
and shipments for the past week and for the coiresponding wee!
Alexandria.
Year
Monthly
Receipts.
total
and Alexandria,
Port Receipts
comparison of the port movement by weeks is not accurate
as The weeks in different years do not eii t on the same day of
the month.
We have consequently added to our other standing
tables a daily and monthly statement, that the reader may
constantly have before him the data for seeing the exact relative
movement for the years named.
The in >vemeut each month
since September 1, 1883, has been as follows.
INDIA.
1883.
explaining-
A
!
.
Total....
FROM
|
Since
Jan. 1.
.2-^
India, therefore, the total ship¬
for the corresponding periods
follows.
iioi •K
circular
a
lung a system of periodical settlements had been con¬
sidered expedient; how all attempts to introduce it had failed,
and, after givingthe reasons of the objectors as well as answer¬
ing them, they express the hope that its success will bring their
opponents over to their side.
That settling contracts before their maturity entail some
disa Wantages is obvious, yet it is indeed marvellous that the
security ensured by the system, and which so greatly outweighs
all little inconveniences, should bj entirely overlooked by the
large majority. It will be interesting to watch the result of
the Liverpool Settlement Association.
It may bj added that
the New York system, of depositing margins, arid of constant
settling of contracts, has also its disadvantages, yet it has
worked so well that, the individual E still to be found who, on
that account, would even think of changing the law.
6,300
16,500
2,200
2,0«u0
Association has issued
how
Total.
1,500
[VOL. XXIVIII.
661 1
shitws
that
75*4:
6 Ivlo
69*60
66 89
the
receipts since Sept. 1 up to
tonight are now 223,661 bales less than they were* to the same
lay of the mouth in 18,’>3 and 198,017 bales in >rs than they were
t ■ the same day of the month in 1882.
We add to the table
the percentages of total port receipts which had been received to
January 18 iu each of the years named.
The
Kxports of Cotton from New York this week
show
a
compared with last week, the total reaching 10,988
bales, against 20,258 bales last week
Below we give our usual
table showing the exports of cot ton from New York and their
direcii n, for each of the last four weeks ; als > the total exports
ind direction since September 1, 18S1, and in the last- column
the total for the same perioclof the previous year
decrease,
as
§?£*•-
THE CHRONICLE.
19, 1884]
January
Week
Exported to—
Jan. 1
Dee.
27.
Same
ending-
3.
Jan.
10.
j
Jan.
17. f
Total
since*
period
preri’us
Sept. 1.
gear.
1,962
8,491 197,302 267,322
170
17,225
3,426
Total to Great Britain 16,027 10,828 14,007
8,661 214,587 271,213
15,724 10,762 12.943
Liverpool
66
303
Other British ports
I
1,310
334
1.514
314
25,014
18 59 )
100
Total French
1,310
884
1,544
314
25,014
13,690
Bremen
500
980
199
750
260
60->
Other ports
1,076
1,460
3,004
1,600
3,633
1,150
15,833
20,023
27,244
30.018
23,253
38,871
Total to North. Europe
5.5 iO
3,080
4,582
2,010
63,105
92,112
2.967
2.112
o
—
4,231
5,199
6,67 6
JTa vro
Other French ports
Hamburg
.....
!
Spain, Op’rto,Gibralt’r,&<
Total
!
Spain, &c
Grand Total
123
.
o-o
22,877 14,792 20,256 10,988 307,905 389,756
The Following
are the
Gross Receipts
of
Cotton afc New
York, Boston, Philadelphia arid Baltimore for the past week,
ar,d since September 1, 1883
Ni:w York.
Receipts
from—
Boston.
;
Piiii. uuu.ph’a
Ba ltimore.
*
This
Since
This
Since
Tiiis
Since
Th is
Since
U'Cek.
S,pt. 1.
V'ci'k.
Sept. 1.
week.
Sept. 1.
irrek.
Sept. 1.
New Orleans.
s,:}<7
;
113, S()t
1
!
Texas
Savannah.
..
!4
145,098
1,8^
1-9,.105
2 100
1,200
10,021
42,210
Florida
TJ
45,17.)
So. Carolina..
2,8 3'>
No. Caro'ina..
007
18 R2
4,255
ISO,081
451
2,021
7,241
t,0;0
01
0,105
(5,475
00,207
50,177
87,722
North’n ports
202
1.714
5,08.3
00,00 4
181
1,7-5
This year...
01.095
770,000
12,5 iO
200,010
Last year...
40.080
755.000
22.00 i
260,070
..
..
1,708
20.007
IS 818
1,205
50,000
624
7,007
..
latest dates:
Galveston—For Liverpool—Tan. 12—Ship Dttnrobin, 4,393.... Jan. 15—
Steamer Westergate, 4,508.
New Orleans-For Liverpool—Jan. 11—Steamer Iluinaea^, 5,650
Jan. 12—Steamer Kepler, 3,375
Jan. 11—Steamer Venezuelan,
2,897
Jan. 15—Steamer Sapnliire, 5,903
Jan. 16—Steamer
Sculptor, 6,433.
For
7,007
12—Bark
AgoMino C. 3,005
Jan. 14—Bark
Jan. Ic—Steamer Marseille. 4,885.
For Bremen—Jan. 15—steamer Saerobosc >, 8,700.
For Sebastopol - Jan. 12—S earner Elmtield 4,8 75.
Mobile—For'Liverpool—Jan. 15-Bark Rebus, 3,028....Jan. 17—Bark
Arcadia. 2 186.
:
Savannah—For Liverpool -Jan 12—Bark Mary Graham, 2,170
14—Bark RomanotT, 3.782
For 'Amsterdam— Jan. 12—Steamer Orsiuo, 5,598.
For Ghent—Jan. 12—Brig Economr, 1,591.
For Bareelon :—Ian. 11—Steamer Chiswick, 3,500.
Charleston—For Bremen —Jan. 12—Steamer Yorouba, 4,603.
For Gotten berg - Jan. 12—Brig Albatross, 1,025.
Fo Barcelona—Jan. 12—Brig Virgcnes, 590.
Norfolk—For Liverpool—Jan. 12—Ship Equator, 4,1 SO
Jan.
Ste;imers Athabaska, 7.270; Crane, 5.800.
Newport News —For Liverpool—Jan. 12—Steamer
Jan. 17—-Steamer Otway Tower,
.
Jan.
16—
Nubian,
Boston—For Liverpool—Jan. 9—Steamer Illyrian, 1,293
Jan. 14—
Steamer Iowa. 2,162 ...Jan. 15—Steamer Venetian, 2,009.
Baltimore—For Liverpool—Jan. 12—Steamer Oran more. 3,925.
Philadelphia —For Liverpool—Jan. 15—Steamer British (.Town, 2,235.
Below w? give all news received to date of disasters to vessels
carrying cotton from United States ports, &c.:
Celtic, steamer (Bi\). from New York, Doe. 15, for Liverpool, which
broke down shortly after leaving New York arrived at Liverpool
Jan. 15 ii» tow of the steam r Britannic of tine same line and was
(locked. With the exception of a broken shaft the Celtic is found
t ) be perfectlv sound.
Queen, steamer (B:\), ashore at Naygen, Russia.
One hundred ami
bales cotton were saved January 2 from stranded
Queen.
seventy n nr
steamer
Cotton
f
i
Havre—Jail.
Nimrod, 2.0 -2
..
300
freights the past week have been
follows:
as
&
•
2,474
50,10')
0,0.7
110,018
0.451
S1.515t >
7
177,022
Shipping News.—The exports ot cotton from the
States the past week-, as per latest mail returns, have
United
reached
So far as the Southern ports are concerned, these
exports reported by telegraph, and published in
the Chronicle last. Friday.
With regard to New York, \\\include tfcm manifests of all vessels cleared up to Thursday
158,239 bales.
the
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to the
12,387
too
;
Tennessee,Ac
Foreign
are
Included in the foregoing totals are, from New Orleans to Vera Cruz,
6S7 bales, and from Savannah, to Genoa, 1,450 bales.
1
5,056
81,SCO
Virginia
1,278
'
1
!
Mobile
-■
92
same
night of this week:
total bales
New York—Tn Liverpool, per strainers Citv of Chester, 2.693
IIerselu‘1. 9,l(iK....Nevada, 1,720..'..Scythia, i,913...
8,19 1
To Hull, p< l- steamcr Guiiih o, 170.
1 To
To I la vie, per st e:i ini-1' Canada, 311
oil
To Bremen, per steamer N< ekar, 260
260
To Hamburg, per steamer Frisia, 0( 0
CO >
To Rotterdam. piTstcamc I*. ('aland. SCO
SO)
To Antwerp, per steamers 1*. de Coninok, 100
8\vi z.erland, 250
350
New Orleans—To Liverpool,' per steamers Castillo, 0,0 0
Clair, 5,1 Of).... 17: i :ii | lie. 1/0 ). .G ;n ges, 5.75 o
I lee lor,
Mon.
Sal nr.
Wednes
Tues.
Thurs.
Fri.
710*
7iot
Liverpool, steam d. 3ig-,3<4* h', 1;v.t
saii...d
Do
Mavra, steam
Do
sail
ijUfiven, steam,
Do
11
'
....
....
e.
7io*
7i«*
e.
....
....
.e. l:’02-710'
7m*
....
sail...
c.
unst’d’iu, steam.c.
Do
sail..
c.
Reval, steam
d.
sail..’
c.
....
....
1332-710* l3aa-7ifl* 1:502-7164 13:i2~7l6 n:i2- 7hF
c.
....
...
....
L.*
v
ks*
....
....
....
v
932*
....
....
38'
38’
....
....
....
....
....
....
9:w*
y02*
38
....
S;.2*
....
....
'
mburg. steam, e
Do
....
7it +
*
*
sail
....
'
38
..
4.400
Historian, 1,12 5
Logi-la; or, 0,41-1
M. alia lor,
4,'02 ...Statesman, 5.428 ...Yittoria, 5.833
per ship
Nettie Murphy. 4-,400 ...per baric Josip, 1,801
To Havre, per barks Albion, l,3sl.
Joint Watt, 3,750
To Bremen, per steamer -Azalea, 4,800
To Barcelona, per- steamer Cristobal Colon. 4.098
per
bark S mv. nir, 1,-500
To Malaga, persteamor Pontiac, 8,508
To Vera Cruz pm steamer City of Mexico, 687.
Hoi:iu;-l\i Liver > cl, per bark jump 3,125
Charleston—To Ifnvie, per I arks Domenico C.. 1,200 Upland
Eiverhoi, ! .830 Upland
-
57,0-12
5.131
-1,800
5,598
3,508
0S7
2,530
1,918
.
Nessmore, 2,0at.
To Bremen, per steamer America. 2.25s
2,221
3,121
Total
158,2 *0
particulars of these shipments, arranged in
are as
Bremen Roller-
pool.
8,491
57,04i
3,125
d: Ham- dam J: Seims-
Hull. Havre,
170
311
800
4,800
1,918
9,10G
1.792
....
1,600
14,4 0 4
Wilmington
6,121
Norfo k
9,9.)9
Baltin ore..
Bostor
3,934
G.GOG
3,42 L
Total...113,206
1,70 J
4,208
5.120
2,258
....
9,836
1,150
rV7
^8"
3«*
Liverpool.—By cable from Liverpool,
add previous
<V
....
34 a V
7rt'
58*
Oy*
V
V
:l8+
38*
we
have the following
stocks, &c., at that port.
We
weeks for comparison.
Dec. 28
<ales of the week
bales.
Of which exporters took —
Of which speculators took..
Sales American
Actual export
Forwarded
Total stock -Estimated
Of which American— Estimki
f’otal import of the week..—
Of which American
Amount alloat
O: which American
Jan. 4
J.an. 11
Jan
IS
36.000
2,990
5 :0
7 1.000
4 209
1,624
23,90u
7,000
8,900
641,009
419,000
50,0> *9
•1,30
16,509
679.000
1 13,090
1 17,0 )u
123,009
97,000
353.001
.87,000
35 4,00(
279,005
283,00*0
82,000
8! ,009
2.500
6 1 )•
55.0 40
3,709
21,000
5,200
5,100
57,000
4,400
18,000
731,090
199.000
130.000
1 11,000
696.001'
45 7.000
112,000
81,001
379,000
30 5,000
3
0,090
298,000
Liverpool market for spots and futures each
day of the week ending Jan. 18, and the daiiy closing prices
of spot cotton, have been as follows.
The tone of the
t
Saturday Monday.
Spot.
Market, (
,2:30p.m.
Hd
{
Upl’ds
tiM.Orl’ns
tales
ipeo.&exp.
Firmer.
Firm.
6
6;{ ic
12,000
1.0C0
Tuesday.
Wednes.
Thursday,
Firm.
Easier.
Steady.
6
6
6;? K5
6"513
6
63 io
15.0 JO
1 5.000
2,900
1,000
12,000
1.000
Total.
7G.700
3,125
0,239
4,750
18.0 72
0,121
15.419
6,192
6,600
L2:30p.m.
Flat.
Quiet.
Steadier.
Steady.
Steady.
51
j Friday.
^
Market,
(
5
P. M.
5,4*0 12,588158,230
3leady.
io
51518
ti»8
10,000
1,000
10,000
2.000
Firm.
6^
Quiet
Firm.
Firm.
\
Steady.
but
steady.
Quiet.
Finn.
opening, highest, lowest and closing prices of futures at
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless
The
otherwise stated.
3.421
170 13,783
J
r,d'
^8*
3b *
:>4
<1 \S'
Compressed.
Market, (
10,988
1,1:0
V
V
V
34
Futures.
Barcelonu J
bun/. Anhv'-p. t >pol. Malaga.
5,131
2,53 J
Savannah
Galveston,.
our usua
follows:
Liver¬
Pliiladelp’a
6,606
Illinois, 1,2jj
*5ei
58*
....
....
34 it 7bT
statement of the week’s sales,
3,951
2,25s
Boston—To Liverpool, per sieamers Bavarian, 2,031.. Kansas,
3,028
Samaria, 9 17
Philadelphia—To Liverpool, per steameis Biitish Princess,
New York.
N. Orleans.
Mobile
Charleston
*
....
3,125
„
The
Trieste, steam ...c.
Antwerp, steam, e.
...
ToBivmeu, per bark Columbus. 1,'HS Upland
To Baieelona
per bark Anibal, 982 Upland
per brig L.tem idad, soo
1,782
EAv*ANN.uI—To Havre, per bark lies, 1,000 ITpltnd
1,(5 »0
rJ'o Barcelona, per nark M ,ry K. Campbell, 1,700 Upland
1.7< (>
To Genoa. per bark Viator, 1,450 Upland
1,150
Galveston—15* Liverpaol, per steamer Alaska, 5.15.5 ...per
barks Bar i > *o; i! a. 1.9:8 ...Marco Polo, 2,Odd
Xjnrd.
1,172
pel* b irkeutiLO Jennie Swo'ney, 2,127....per
brig Kami, S40
.'
11,401
To Havre, per harks Cato, 1,072
M ado an i. 1,172
Speranxu, Ip-O-l
4,208
Wilmington—To Liverpool, per steamer Woodside, 5,02 >
per
Sh
all.
1.101
bark
;....
0,121
Norfolk—To Liverpool, per steamer Kingdom, 0,110
per
bark Strut hay. 3.'-59
9.999
To Sebastopol, per steamer Colombo. ,5,420
5,4.0
Baltimore—To
Liverpool, per steamers Caspian, 1,933
form,
Do
Barcelona,steam.c.
Genoa, steam
e.
anu 6
The prices arc given
//teans o o-o4d.
in pence and QUhs, thus: 5 62 means 5
62-64cf.*
THE
91
Tuea ., Jan. 15
Mon., Jau. 14.
Sat., Jan. 12.
CHRONICLE
decline, though they have been less
at some
d.
January....
i.
d.
..;
.
d.
.
.
.
.
.
Jan.-Feb.... 5 62
Feb.-Marcli 6 00
5 63
5 61
5 63
6 03
6 00
6 03
Mar.-Apr...
6 01
6 07
0 0i
0 07
April-May..
6 0S
6 10
3 08
6 10
May-June
6 11
6 14
6 11
3 14
615
3 17
6 15
6 17
.
June-July..
6 19
July-Aug...
Aug.-Sept
Sept.-Oct...
Oct.-Nov..
6 2G
6 19
Nov.-Dec..
d.
d.
5 62
5 62
5 62
5 62
56!
5 61
3 01
6 01
6 CO
6 05
0 05
6 01
6 03
6 08
0C8
6 07
6 07
6 12
0 12
0 10
6 10
,
!
,
6 20
d.
!
!
1
...
d.
1.
d.
5 01
5 01
5 01
0 00
6 00
5 63
5 62
6 03
0 04
6 02
6 (2
i
307
3 07
6 05
6 05
'
3 10
6 10
0 09
6 09
j
6 14
6 14
614
6 14
■« 14
0 12
0 12
6 18
6 18
6 13
6 18
6 17
« 17
3 15
6 15
6 2i
6 23
6 22
0 22
6 20
0 20
3 20
6 .0
6 14
■
....
* * *
....
....
....
j
j
....
...
....
•
a n.
l<i.
!
j
TllllVM., Jan. 17. ;
January...
d.
....
...,!
5 59
5 60
5 59
5 58
5 59
5 60
’
d.
d.
d.
d.
l.
;
5 58
5 53
5 58
5 57
5 58
5 62
5 60
5
60;
5 60
5 60
5 59
5 59
00j
3 CO
6 00
5 03
5 03
6 03
0 03
0 02
6 03
|
6 07
0 07
6 06
6 CO
6 11
0 11
6 10
0 10
6 13
0 13
6 13
0 13
5 58
5 57
!3 61
5 61
5 59
5 57 }
5 59
Mar.-Apr... 601
6 00
5 63
5 63
6 00
ooa
6 00
6
April-May.. 6 01
(1 01
6 03
6 03
0 03
6 06
0 03
6 04
6 07
6 07
6 06
6 06
6 07
0 09
6 07
6 07
June-July.. 6 11
July-Aug... 6 14
Aug.-Sept,. 6 17
8ept.-Oct...
6 11
6 C9
6 09
|
6 12
6 12
6 10
0 10
6 14
6 12
6 !2
:
6 14
6 15
6 14
6 15
i
6 17
6 16
6 16
6 17
6 18
6 17
618
j
May-June..
....
Oct.-Nov...
Nov.- Dec...
....
....
|
.
.
...
....
....
...
...
....
...
....
....
—i
.
.
....
....
•
....(
•
»..!
.
.
...
....
•
...
....
•
...
....
..
....
..
...
••
-1
i
BREADSTUFF S.
Friday, P. M., Jan.
Flour has in general been
dull and
more or
18, 1884.
less depressed
owing to the decline in wheat, though this latter fact has been
in. a measure offset by the smallness of the receipts. Still the
supply here is so large that some holders show an anxiety to
realize, and there iJ, therefore, an unsettled and unsatisfactory
market. To-day the trade was trifling at easy prices.
Wheat has at times been quite active on speculation, and
there has been some increase in the export trade. Prices have
declined materially however, and it is to this fact alone that
the larger foreign traffic is attributable. Two failures in the
trade last Saturday, together with rumors affecting the finan¬
cial standing of other firms, including Wall Street houses en¬
gaged in tlie speculative branch of the business, have had a de¬
moralizing effect, on the market, though perhaps even a more
serious element of weakness has been the posting of 500,000
bushels more of No. 2 red wheat as warm and weevilly. The
inspec or-ir-jhief here thinks that this constitutes about all the
wheat here that will have to be degraded, but the fact that the
foreign trade has fallen oif so materially at American markets
within the last week, has necessitated the storing of large quan¬
tities of this cereal, and the apprehensions as to its condition
have been by no means dispelled, particularly as it, is remem¬
bered that some of the wheat now in New York and Brooklyn
warehouses has been held since early in the fall of 1SS2.
Another unfavorable feature has been
a
decrease of 500,000 bushels in the visible
supply in this country, but, owing to the magnitude of the
available, this fact has had little or no inliuence. To¬
day the market was fairly active, at a decline of ^ to %c.
The closing prices for No. 2 red for future delivery were $1 2 M
for January, $1 04 for February, $1 06% for March, $1 00
for April and $1 11% for May, that in elevator closing at
$1 07. These prices show a decline for the week of from
to 5c., the greatest decline beiDg in the earlier deliveries.
Indian corn has been dull on speculation, though fairly
active at times for export.
Prices, in sympathy with the deoline in wheat, have been steadily falling. The market has
lacked any very salient features during the week, the interest
of grain dealers and speculators centering mainly in wheat.
stock still
There has been
a
decrease of 560,000 bushels in the quantity on
the way to Europe, and a slight redaction in the visible
in this country, bat the depression in other branches
supply
of the
trade has outweighed these facts.
To-day th6 market was
fairly active at a decline of
to lc. No. 2 mixed closed at
60%c. for January, 61 %c. for February, 62%c. for March and
65c. for May, showing a decline of from 2 to 3c. duiing the
week.
Rye has sold fairly at a decline, and barley has met with a
pretty good demand for export, though lower prices were found
Minn. c*lear and stra’t
Winter shipp’g extras.
family brands
4 25 -3 6 25
South’n skip’g extras 3 50 3 5 50
Rye flour, superfine.. 3 30 3 3 75
Corn meal—
3 00 3 3 35
3 30 3 3 45
Western, &o
Brandywine. &o
Buckwheat flour,
6 00
6 35
6 75
4 00®
5 50®
5 25®
bakers' and
Southern
and
clear
3 003 3 25
100 lbs
®
8)
69
73
Oats—Mixed
®
White
No. 2 mixed..
4134®
No. 2 white...,.
®
Bariev—No. 1 Canada. 89
...84
No. 2 Canada
62 '
®
Gill
State, two-rowed. ...62
®
70
75
State, six-rowed
75
Buckwheat
6'J
68’
66
|
42
67
72
...39
41
Rye—Western
Wheat-
Spring,per bush.
Red winter, No. 2
Red winter
White
White No. 1
Corn—West, mixed
West. mix. No. 2.
White Southern..
Yellow Southern.
Western white...
Western Yellow..
State &
®I 17
95
99
® 1 00
1 07 ‘4®1 07 ]2
®1 14
87
SO ®1 05
1 05
®
49^®
61
70
8
®
®
3
60
58
GO
...
Canada..
...
...
...
...
...
.
...
'a
47
40
42
90
85
65
75
80
The movement of breadstuffs to market is indicated in the
statements below, prepared by us from the figures of the New
York Produce Exchange. We first give the receipts at Western
Lake and River ports, arranged so as to present the compara¬
tive movement for the week ending Jan. 12 and since Aug. 1
for each of the last three years:
Bye.
Barley.
Oats.
Com.
Wheat.
Flour.
Receipts at—
Bhls.imbs Bush.6 0 lbs Bush.56 lbs Bush. 32 lbs Bush.48 lbs Bush. 50 lbs
Chicago
52,300
318,685
1,096,831
300,819
100.038
Milwaukee..
54,415
2,620
214,089
192,403
68,596
24,180
22,100
111,898
165.930
10,753
2.573
‘
Tnlfitlo
Cleveland....
St. Louis
23,500
1,778,394
1,840,809
2,319,340
510.402
262,149
84,022
582.558
909,852
430,924
273,237
51,353
52,054.0(50 55,835,775
52.864.300 37,180,750
20,838,709 63,451,021
33,038,432
11,992.578
24,821,122
9,491.009
17,747,404
8,377,877
875
Peoria
495
45,337
123,563
43,449
18,410
17,224
—
40,257
10,320
17,787
5,426
18,600
8,400
1,549
1,840
Detroit.....
39,412
21,61)
179,008
10,550
240,7-85
52,65Si
Duluth
Tot. wk. JS4
130,882
950,863
Same wk. ’S3
170.900
1,016,628
Same wk. ’82
157,767
695,901
12,910
-
0,050
......
74,139
SinceAug.l—
18S3
4,087,811
1882
4,937,700
4,001,949
1SS1
5,379,388
2,572,399
2,819,147
comparative shipments of dour and grain from the
from Dec. 24; 18S3, to Jan. 12, 1884, inclusive, for
years, show as follows:
The
same
tour
ports
1832-33.
7 5 4,330
1831 S2.
1080-31.
SOL,4 16
510,068
1.057,311
1,216. 151
2,477.803
1883-8 1.
Flou7*
Wheat
bbls.
510,020
bush.
060.090
2,062.532
1,033,010
387,280
1 31,633
Corn
Cat?
Barley
ttye
....
.........
Below
are
the rail
Flour...,
Wheat..
Corn....
Oats
4,137,20 t
671.158
156,402
Jon. 13.
180,592
224,419
bish.
105,778
1,108,404
431,813
735.610
153,406
243,121
03,282
606,746
111,105
30,002
3.001,010
2,452,298
Week
2,173,901
Total
The rail and lake shipments
weeks were:
Tot.,4w. 715,434
4w’fes’83. 925,230
Wheat,
bush.
405,778
269,278
294,934
378,879
1,348,969
1,349,710
Philadelphia...
Baltimore
Newr Orleans...
166,700
411,016
665,610
1,548,011
1,029,805
545,453
708,377
455,114
100,618
Oats,
bush.
Corn,
bush.
1,108,401
901,885
952.293
1.080,995
431,813
336,62;
315,474
393,202
4,043,577 1.477,112
5,205,300 2.189,810
55,747
1,955,339
Barley,
bush.
153,406
116.523
117,351
181,901
at the seaboard ports for the
Wheat,
Corn,
Oats,
Barley,
obis.
bush.
bush.
bush.
bush.
66,050
80,02 t
36,105
i,o; o
2,010
14,480
16,206
48,060
100,507
101,840
3.600
85,700
63,017
16,865
2,500
8.209
36,500
2,735
55,500
13,200
500
10,500
14,400
75,074
31,487
6.156
0,333
400
117,43 1:
26,055
406,320
.301,753
186,116
160,743
The total receipts at
Dec. 24, 1883, to Jan.
Rye,
bush.
7-1,500
32,907
24,231
41,115
569,181 172,753
806,211 '163,296
Flour,
172.002
Total week... 161,563
Cor. week ’83.. 300.681 1139,263
years:
138,746
from same ports for last four
The receipts of flour and grain
week ended Jan. 12 follow:
At—
New York
Boston
Portland
Montreal
1881.
Week
Jan. 15.
1882;
Week
Jan. 14
1833.
74,500
Flour,
545,558
167,52-8
bbls\
Barley
Rye
Week
1.353,786
1 12,808
183.602
1,737,102
1881.
Tf cek
Jon. 12.
.....
bbls.
ending—
Jan. 12. 189,592
5. 147,886
Jan.
Deo. 29. 179,442
Dec. 22. 228,514
1,175.351
2,103.032
1,-340.000
shipments from Western lake and river
ports for four years:
tlie exhaustion of the
Chicago, whereby forced sales of the
receipts have been necessary, at steadily declining prices.
storage facilities at
There has been
Spring wheat extras..
Spring No. 2
d
5 60 ;
5
j
5 58
J „n.-Feb....
Feb.-March
d.
d.
d.
3uperflne
GRAIN.
i
d.
City skipping extras$5 15® 5 35
o
Patents, winter
Frl. , Jau. J s.
Clos.
Open High Low. Clos.. Open High Low. Clos.i Open High Low.
d.
FLOUR.
2 50
O
90
2 60® D 35
3 25® 4 75
4 00® 5 75
3 15® 3 40
00®
2 25 ®
bbl. $2
No. 2 spring...$
No. 2 winter
straight.
Patents, spring
!
Wcdues., J
39%(g393>2c- for January, 39^@10%c. for
February, 41%@41}^c. for March, 42%@42)£c. for April and
42%@42/7aC. for May.
The following are closing quotations :
Winter
•
•
....
•
...
other cereals.
No. 2 mixed sold at
1
j 5 61
....
...
...
d.
De2
...
...
.
d.
| 5 62
; 6 oi
.
....
Open High Low. Clos.
Open High Low. Clos.
Open High Low. Clos.
Oats have been fairly active
depressed than
To-day the market was quiet and slightly easier.
to stimulate the trade.
necessary
•
[Vol. XXXTUI.
Rye,
bush.
7,610
500
2,210
5,770
80.050
16,000
48,685
5,960
the same ports for the period from
12, 1884, compare as follows for foui
95
THE CHRONICLE.
19, 1884. J
January
largely attended, and all the good^ were readily dis¬
posed of, but at prices that entailed a severe loss upon the
2,48 V2i2
1/501.631
3,230.012
manufacturers. After the auction sale large transactions in
616,719
Wheat
bush.
2,737.365
1.712.8 )1
4.233.851
2,0 12,896
Corn
82
colored cottons were effected by such agents as determined to
J ,020,162
7, 23
1,320,507
709,193
Oats
2 )S,5 4 l
311,362
221,838
376,700
meet the market in point of price, and goods of this class
Barley
9 4.205
21,430
35,496
96,312
Bye
A fair package trade in domestics,
closed weak and unsettled.
6,4 41.206
4,673.729
9,011.734
3,372.330
Total grain....
prints, &e., was done by large jobbers, but the piece distribution
The exports from the several seaboard ports for week ending
was light and unimportant.
Jan. 12, 1884, are shown in the annexed statement:
Domestic Cotton Goods.—The exports of domestics for the
Peat.
Exports
Oats.
week were 2,03L packages, including 8G0 to Great Britain, 214
Corn.
Ilys.
Wheat.
Flour.
from —
to Venezuela, 213 to lT. S. of Colombia, 213 to Hayti, 156 to
Bush.
Bush.
Bush.
Bush.
Bush.
Bbls.
50.471
1,950
925
China, 88 to Brazil, &c. There was a fair demand for brown sheet¬
181,903
372,501
76,718
New York
20
24,000
99.201
Boston.
82,357
52,646 ings by jobbers and converters, and a steady business was done
679
55,717
Portland.
in wide sheetings, corset jeans, quilts and white goods; but
Montreal.
26,850
122.407
Philadel..
2,521
bleached shirtings were for the most part quiet. As ab )ve
79,040
113,877
Baltim’re
18,637
5*0* j
105,849
1,657
N.Orl'us
noted, large sales of colored cottons, as denims, ducks, ticks,
64,566
74.471
1,445
551,568
cheviots,
638,735
stripes, checks, &c., were made privately and through
Total w’k.
182,539
B’me time
the
auction
rooms, but at such low prices as should be sugges¬
59.332
866
1883.
201,711 1,165,651 1,161,235
tive to manufacturers that an immediate stoppage of produc¬
The destination of these exports is as below.
We add the tion is not only expedient but necessary. Print cloths were
corresponding period of last year for comparison:
more active and dearer, closing at 3^c.
for 64x64 and 3 l-16c.
Corn.
Wheat.
Flour.
for 56x60s.
Prints were in fair demand, though buyers are
Exports
1883.
1881.
operati ng cautiously, aud there was a good business in standard
1883.
1881.
188 3-.
1884.
for week
Week,
Week,
Week.
Week,
Week,
Week,
dre s ginghams, leading makes of which have been opened at
to—
Jan. 43.
Jan. 12.
Jan. 13.
Jan. 13. Jan. 12.
Jan. 12.
9c., against 10/£c. last season.
Cotton dress goods were more
Bush.
Bush.
Bush.
Bush.
Bbls.
Bbls.
was
an
improved
demand for cotton hosiery.
active,
and
there
356,005 1,087.829
745,938
376.473
13 4,961
155,830
Un.King.
67,049
72,449
397,105
262,274
Domestic Woolen Goods —Men’s-wear woolens have been very
10,332
8,903
Contin’ut
bbls.
Flour
1380-31
1883-81.
1882-33.
1981-32.
705,569
972,959
595,670.
sale
was
732,522
i
.
-
..
••••*'
.
-
..
.
17,709
21,257
2,626
14.186
10,671
10.157
53
565
Total...
182,569
201,741
22,608
38
963
117,191
5,923
parcels of cassimeres and worsteds, needed for
the renewal of broken stocks. Jersey cloths, stockinettes and
ladies cloths have shown rather more animation, as have a few
specialties in cloakings; but buyers are taking hold cautiously.
Heavy satinets met with fair sales, and a somewhat better move¬
ment in Kentucky jeans was a feature of the week.
Flannels
fined to small
741
638,785 1,105,651
551,568 1,161,235
By adding this week’s movement to our previous totals we
statement of exports since September 1, this
have the following
season
and last
season.
1382 81.
138381.
Exports since
Sept. 1, to—
Sept. I to
'Sept. 1 to
Jan
Jan. 12.
S.&C. Am..
.
Sept. 1 to
Sept. 1 to
Jan? 13.
Sept. 1 to
Sept. 1 to
Bush.
Bush.
11,281,099
0,554,991
20.905,712
581
87.428
Jan. 13
Bush.
Bush.
12,510,205
3,171.211
393.487
233.271
79,400
15,063
8.010
000
102,015
43,575
192,945
107,291
37,302
3,281,595
3.931,100
17,SO 7,332
38.334 103
16,085,938
5.393,357
Oth. countr's
295,813
demand
85,170
009,70?
177,998
28,3.5
7.800
21,538
have been- a trifle more active, but the
irregular.
British dress goods were in fair
request, and there was rather more inquiry for Hamburg em¬
broideries, laces and white goods; but silks continued slow of
sale, and the business in tine Continental dress fabrics was
Foreign Dry Goods
4,035,70?
•128,988
328,760
239.492
15,207
17,051,947
Importations ol' Dry Goods.
In store at—
New York
Do aiioal- (cist.)i
for the
2,387,455
Boston
Toronto
Montreal
Philadelphia
Peoria
2,50.1
581,281
Indianapolis
Kansas City
Baltimore
Down Mississippi.
On rail
M..
12/84.
5/8 4.
13/83.
14., ’82.
15/81.
3 1,66 4
405,778
7
_
.
„
05,350
28,310
230.000
1
076,738
17,135
428,363
16,00*0
214.813
15.003
31.800
154 556
2
121.274
80,27 1
277.31 1
2.560
3 1 10
87.507
20,009
51,600
4
1,690
21.7-0
176,814
15,327
„
431,813
(t>
••
*
17,873
rl
•
6,420
<
7
•
,
ft ’
.
.*
*
•
;
•
.
d
•
t»
•
»
•
,
•
i
:
•
?
J
•
•
•
•
:
:
:
!
:
•
c
35,506.594 10,120,133
21.388.760 0.428.510
17,381,010 16.631,085
28,603.068 16,858,220
16,000
1
\
1
H—
23.0 12
370
-
1
!
!
!
; o: O' o* ot x
10
—
C5 C. G CO to
x X X
......
-i
l
C.
x
-1 ot
tw wl
V
-1
Iv
•
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to tO t—1 -J
h-« c cj cm
•1 to X to ot
CX
CD
►**
!
!
x
i|
:
.
; *
:
;
;
:
:
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:
:
:
:
:
;
•
—
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j
1
Total
j
%cs i
j
1 <5
•
Hi
rv
j
D
-
c
X
‘Tj
-
•
r# Cj
o 05 x o: 05
C5 X O to x
c
1 wO
!
to
—*
ct 05-
i
to
10
71.5)0
x
o
co o
t0 «-*
>
00 TO on to O
co C5 on x o-t
0-1 1j © x
X
10 X
co r
*x
co
0
X
x
lij
COX
J-
X X
X GO 35
00 00
o
CO o
wO
•tf—
C5 CO X X
O t 0 CO t o
-
w
B
-1
-1
rjc
•
•
o
>
•
«
•
H.
i
t
1
!
O
S
c,
l
05- CO to
x x x x co
CO C 00 T- 05 a.
x
:
x
to 00-1
to
ZXj O Cj
r C. 00 35
1
r ^
X^
ft
1
1
!
'■o
i ny
X
03
totoxx kO
X
?o<t bo oo bo
50
X
00 35-110 O
C to OD t 5- to
*
X XX
^
*
w
ct X
^ ^
1
-a
to
h-
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i
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1
to
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Ct-KJ’CO*
j
5
5,891,560 3.165,018 2.628,162
6,108.430 3,,273,832 2.672,204
4, 171.821 2,940,494 1,5 40,2: 9
2 .603,090 2 .752.860 1,2*3.515
t80,722
3, 558,510 3,2 59,713
^
.
2
1
o
X) tO
CJCD
tO-l
to W 05 05 X
X to to CO 05
tO © Cl -1 35
c<
CO 35
7-too
co
GOODS
‘SI H-*
zc
TRADE.
cot o
freer movement in certain fabrics
18b4
o<
to co
A
c
—
00
CO 00 05 X
O’t 0» 05 X O
CO
CO' X
-j r co x to
X
bo*-*
D'
00 to
05
to CO
>
x
-1
X
55
00 OX -1
X
05 X C r :• x
CO CO cc o CO
X X -1 50 - 1
Cl X
CO ox
Q
>
?
'
0)1
B
CO
"to
N>
co
X -1
w*
CO C5
CO CC--1 CO co
c:
Cji
bo-i
toto*-*
co
X X
C5 ot
COXtf- O 05
CO
ox
wi
Iv H4 >“i
to
-1 Jt
c. o
O' OX
i—
c
-
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M
2 7)
bo
P
11
0
2J
!;&
0
ptf
H
1
h15
a
8
*
-•*
CO CO
CO to 05 X —
X-
-1 x
—
c
to
© x rx o.
—
X
to X to
C’t
X
£
0*0
io
CI
35 co
to co oo Ci to
to to x J.j K3
X-4
CO
8*
tox-jox
-1 Ct X to 35 f.<
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r
s
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cj* to c: "cz cc
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0
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xO)
cc
o
H
pc
o
*
Cs vl
C*
05 10 C* tO 50
to
•2,
xooocoo
X Cl X - j Cl
COCT5
X
as
x
to
*
the past week,
general demand has shown less improvement than
might have been expected, taking into consideration the large
representation of Western and Southern package buyers now
Dress goods, ginghams, prints, piques, white
in the market.
goods, lawns, and other spring and summer fabrics, were de¬
cidedly more active, and a very fair business was done in
hosiery and notions; but men’s-wear woolens ruled very quiet,
and the demand for domestic cottons was spasmodic and irreg¬
ular. The feature of the week was a, peremptory auction sale
of over 3,000 cases ticks, denims and cheviots, comprising the
production to date of the Whittenton and Oakland Mills. The
-i
J—
ZjZ x-4
O coco CO on
CO C5
~x
X to
K
rs
rs
1 jo r( J0i>‘
3ft
B
X
xio
r-*
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! B
I
till
-5J |
Vi
d
COCO
H-4
J
.
:
;
: • •
1 CO X to -1 X
*7 i X 05 CD oc r>
A
1C
t
Tb
l
21*
>
X
a
-i
!
5? !
1 OX ’0 x- to
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.
*x
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x T :• O - *
/. 05
.
•
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.
;
;
’
-
I.a|
g •
2
c
t r
S:\
,
X
to 05
X
1
7
*;
o:
’
ot
IT
| 1 5
i
•
*
5
2:
*
*r
-l
:
1
1
J p;
: *• *:
•
•*
;
;
•
k
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z
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18,601
i X
10 to
2.« Wx
x
‘S
■i
'
X
;
or
o
otoctoo:to
i
i
1 14.5 41
but the
«
rJ
t
31,163
5,883
Friday, P. M., Jan. 18,
was a
j
3b
'
There
r-f
1
ct i
o;x
*_
C*t
DRY
P3
t-f
j^
£
l
rs
as
35.005,675 10,029,656
THE
:
i
i
....
81,106
10,000
153.406
3!
//
iT; Ifg
J
5
„
....
23,026
5,630
46,156
1,108,404
495
37,030
475.000
69,093
Z*
—'
•
.
7'
6 1
-----
0.000
1,502.804
69,0 >•>
iS
S3
K-
1,617,322
30,071
184.400
476.a 10
) *5
3 ;.'».095
4-49,70*1*
100,724
01,000
100,883
1 01,000
885,565
4,788
Cincinnati
\ I ^J/
371951
108.131
414 COO
RL
.
628
48,000
511.030
1
flit
3,6J3 012 1,66.7,680
80,000
2 7.500
2,844,372
2,480.735
2,161,035
1.686.427
8t. Louis
O
12-‘,<*00
16.-L.iO
10.026
......
1.363.476
1
Oswego
Juii.
Jan.
Jau.
Jan.
Jan
2,0 56,620 2 .83! ,33 1
50 8,127
9.4(H)
Albany
Buffalo
Ohioano..
Do ail*tut
Milwaukee
Duluth
Toledo
Detroit
Tot.
Tot.
Tot.
Tot.
Tot,
bush.
Bari;'-,
hush.
39 1,05 1
facta
and since January 1, and the same
corresponding periods of 1SS3. are as follows:
ending Jan. 17. 1884,
follows:
i: its.
‘.u-'h.
for the. week
importations of dry goods at this port
The
the stocks in granary
at lake and seaboard
ports, and in transit by rail and water, Jan. 12, 1831, was aCorn,
was
limited.
The visible supply ot grain, comprising
at the principal points of accumulation
IV heat.
hash
6 <r t i'll
fair orders were
some
2,638.989
303.853
Brit. Col’nies
...
1882-83
2,234,144
159,687
254,305
West Indies.
Total.
188334.
Bbls.
Bbls.
Un. Kingdom
Continent...
1882-S3.
Jan. 12
lightly
were
1383 84
Jan. 12.
13.
dealt*in (aside from fine white flannels for which
placed with agents\ and blankets ruled
quiet. All-wool aud worsted dress goods have shown consider¬
able activity, large aggregate sales having been made by com¬
mission houses representing the most popular.mills.
Corn.
Wheat.
Flour.
having been almost wholly con-,
quiet in first hands, selections
1,450
3,200
1
S.&C.Am
W. Indies
Brit. Col’s
Otb.c’nt’s
O'
—
t-0 —t
2?.
a
X
>
3
.
§•
c* to - w
X
X
C.
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-l
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it
'
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05 /_ X 05 tO
vi O
ct
'-i r.oc
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-1 O I5X X
°
C/4 to -J -4
j
rr ' r rr x* 05
+-
\1
1
X
*.
-10 X v;
*
•
x
w*-
•
X
^
x-l T « —
c 35 CO CO CD-Cfc
X
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O C--1 —
05 X ot
—
ro
35
o
X-i
s*
00
CO
1
X
1
[Vol. XXXVIII.
THE CHRONICLE.
96
Safe
(Companies.
Trust
milters.
jponthevii
-Deposit Companies.
P. A. Wiley,
Cashier.
W. T. Blackwell,
President.
IIAMIAIIW
United States Trust Co. Safe
Deposit& Storage Co The Bank of
NE T YORK,
OF
STREET,
WALL
49
No.
SlDPLUS, $5,000,000
CAPITAL AND
for moneys paid
as guardian or
This company is a legal depository
into court, and is authorized to act
receiver of estates.
ALLOWED ON
INTEREST
346 Sc 34 8 Broadway,
Cor. of Leonard Street.
NEW YORK.
Receives for safe-keeping, UNDER GUARANTEE.
Bonds, Deeds,Wills and other valuable papers; Silver¬
Jewelry, Paintings, Bilk Goods, Old Business
Accounts, &c.
Sales to rent from $10 to $200 per year.
DEPOSITS,
made at any time, and withdrawn after
five davs’ notice, and will be entitled to interest for
the whole time they may remain with the company.
Executors, administrators, or trustees of estates,
and females unaccustomed to the transaction of busi¬
ness, as well as religious and benevolent institutions,
ample
With
special attention to collections.
Thos. P. Miller & Co.,
BANKERS,
OF
NEW
OF
214
TRUSTEES
UIOISILE, ALABAMA.
Special attention paid to collections, with
Bank
The National Park
convenient depository for
STEWART, President.
WILLIAM H. MACY, Vice-President.
prompt
of
payment. Buy and sell State of Alabama and City
of Mobile Bonds.
Correspondents.—Bank of the State of New York
remittances at current
YORK,
BKOADWAY.
THROUGH THE HANK.
216
&
ENTRANCE
and facilities excelled by no
correspondence and pays
means,
Bank in the State, invites
Vaults
Safe Deposit
will find this company a
money.
JOHN A.
(James Low,
[John II.Rhoades
ThomasSlocomb.l\V. W. Phelps, !J. 13. Williams,
Charles K. Rill,
ID. Willis James, I Anson P. Stokes.
DURHAM, N, €.,
ware.
which may be
Durham,
rates of exchange on day
New York; Louisiana National Bank. New
Bank of Liverpool. Limited. Liverpool.
Orleans;
Dan. II. Arnold,
Wilson G. Hunt,
Wm li. Macy,
John J. Cisco,
jjohn J. Astor,
( has. II. Russell.
(John A. Stewart.'Robt. 13.Mint urc
|S.M.Buckingham Geo. II. Warren,
111. E. Lawrence, George Bliss,
Clinton Gilbert,
Isaac N. Phelps, [John C. Brown,
Daniel D. Lord,
Georue T. Adee, | Erast us Corning, William Libbey,
IS. B. Chittenden,i
Samuel Sloan,
JAM ES S. CLA UK. Second Vice-President,
HENRY L. THORN ELL, Secretary.
LOUIS G. HAMPTON, Assist.ant.-Seeretary
faults—Jlcxu TJovlt J?tatc,
‘Mlcstevn iUmUcvs.
Suermax S. Jewett, Pres. Josiah Jewett,V-Pre*
William C. Corn well, Cashier.
Bank of Buffalo,
CAPITAL,
-
-
-
II AX KE SI«,
IX VESTMENT
$300,OOP.
-
-
-
Harris 8c Co.,
N. W.
DEARBORN STREET,
176
No
BUFFALO, N. Y.
The
Brooklyn Trust
Co.
Brooklyn, N. Y.
Cor. of Montague &
Clinton sts.
charter to
ad¬
This Company is authorized by special
act as receiver, trustee, guardian. executor or
ministrator.
It can act ar. agent in the sale or management ( f
real estate, collect interest or dividends, receive
registry and transfer bonks, or make purchase ard
sale of Government and other securities.
Religious and charitable institutions, and person*
unaccustomed to the transaction of business, will
find this Company a safe and convenient depository
EDMUND W. coRLIES, Viee-Pres’t.
for money.
TRUSTEES:
Josiah (). Low,
John P. Rolfe,
Henry K.Sheldon,
E. E. Knowlton,
Alex. McCue,
J(>lin T. Martin.
H. E. Pierrepont, A. A. Low,
Edm’d W. Corlies
Alex. 31. White. Mich’l Chuuneey. Ered. Cromweii.
C. D. Wood.
Henry Sanger.
WM. II. M A I.E, Secretary.
JAS. It. CntUAX.
Assistant Secretary.
CHICAGO, ILL.
facilities for making col¬
points in the United
States, Canada and Europe. Liberal terms extended
to accounts of bankers and merchants.
Correspondents.—New York, National Slu e A
Leather Bank; London, Union Bank of London.
This bank has superior
lect i<>ns
accessible
all
on
T)A\T 13n
L>V/1-N
TjO,
State, County, City, Town,
and Cfi^just Bought and
special atten¬
The funding of entire issues receives
tion. Write us if you wish to buy or sell.
T II E
Haitimovc Jianhcvs.
Texas Land 6c
J. W. Middendokf, V/. B. Oliver, c. a. Albert'.
Members Baltimore Stock Exchange.
BANKERS AND BROKERS,
S. W. Corner German A: South Sts,,
P.O. Box 397.
BA LTI.ilORE, IHd.
Special attention given to the negotiation of For¬
eign Bills of Exchange, Collateral Loans and Com
LONDON, ENGLAND),
(OF
general Financial and Agency Business in
the State of Texas and Europe.
C. E. WELLESLEY,
New York Correspondents:
Blake Bros. A Co.,
General Manager,
Transact
Middendorf,Oliver & Co.
a
Dallas. Texas.
Wall Street.
Montana
INDICATORS AND TELEPHONE IN OFFICE.
Metropolitan Trust
Co.,
New York.
Wall St.,
Court. Receive deposits of money on interest
act as fiscal or transfer agent, or trustee for corpora¬
tions and accept and execute any legal trusts fron.
persons or corporation!, on as favorable terms ai
other similar companies.
THOMAS 11 i LLHOUSE, President.
FREDERIC I). TAPPKN. Vice-President
WALTER J. BRITT IN. Secretary.
INVESTMENT and SOUTHERN
specialty.
Correspondence solicited
N. V. Correspondents—31cKim
No.
BROADWAY, NEW YORK.
Banks. Railroads and Express Compa¬
nies Managers, Secretaries, and (Jerks of Public Com¬
panies, lnstitutionsaml Commercial firms,can obtain
BONUS OF S! EETYSIIIP
by
DEPARTMENT.
CASE A L T Y
Policies Issued against accidents causing death or
totally disabling injuries.
Fu 1 intormation as to details, rates. &c„ can be
obtained at head oihee. or of Company’s Agents.
Wm. M. KioiAHiss. preMt. .liiin .»l. .RANg,,
Rou’t J. IIim.as, Ass’t Secretary.
Dl RECTORS:
ftec’y.
8urety&ihii).
OTHER
OF
Insurance Department
214,000
Vice-President:
Brit. Alex. T. Galt.
iion. Jas. Fjkkkikk.
Managing Director: EDWARD RAWLINGS.
President:
No.
1 7 S
OFFICE:
collections on al
I)irectors.—Benjamin A. Bolts, Pres’t: F. A.Rice,
C. C. Baldwin, W. B. Butts, Rob’t Brewster. S. K.
Mcllhennv, B. F. Weems.
B. F. WEEMS, Cifshier.
BEN.'T. A. BOTTS.Pres’t
A. K. Walker, Cashier
Pres’t.
First National
Bank,
Collections made on all paits
TOMPKINS, Secretary.
New York Directors.—Joseph W. Drexel, A. L
Hopkins. It. Victor Newcomb, John Paton, Daniel
Torrance. Edw. E. Winslow. Erastus Wiman.
KWSi
ISSUED.
$7 00
If) On
10 00
J.
L. SH1T1S, 3:ubli«hcr.
27 Booth bixth.bt., Philadelphia,
pa.
Cashier.
Bank,
ARKANSAS.
BOCK,
-
Kl
$21)0,900
-
-
Prompt attention given to all business in our
N. Y. correspondents — Donnell, Lawson
*• '
aud the Metropolitan National Rank.
line.
& Co.
Wm. Vv. Thornton,
Curb.
Thos. m. Thornton.
F. TIK05*ST4>X
W,
& SO’*,
(Established 1859,',
A N I> if ll O K
Shelby and adjoining Counties
remitted on Day of Payment.
REFERENCES—National ».ank ol Commerce,New
York. Union National
Bank, Cincinnati. Third
National Bank, St. Louis. ’Traders’ Bank. Chicago'
Indiana Banking Company, Indianapolis.
Collections made in
tnd Proceeds
ESTABLISHED
OF
305
MERCHANTS’
Dealers
HANK,
Southern points on best
prompt returns.
JOHN P. BRANCH, President.
Cash.
AND
In
Western
& CO.,
ST. LOUIS,
Securities.
Missouri Kansas and Illinois a
■Specialty. Good Investment Securities, paying from
Ri ro 10 per cent, for sale.
References in New York, by permission, Clark
12 \Yali St.
Dodge & Co., 51 Wall St.; Hatch A Foote,
•left’ranees in St. Louis. Banks generally.
—MBICE—————
fJHsceUtmeons.
CARPETS,
OIL CLOTHS,
Collections.
NATIONAL
Collections made on all
BANKERS
OLIVE STREET,
Defaulted Bonds of
CTIAU^EfcTOX,
CHARLESTON, S. C.
John F. Glenn.
KELEUER
F.
I».
1871.
Pres. Ernest 11. Pringle, Cash
Special Attention given to
terms;
E R S,
BHELBYVILLE, ILLINOIS.
National Banking Association
THOMAS
New Statistical Map of Mexico, 5LvTl inNew Railroad Map of E. S., 72.V-S4 in
New Railroad Atlas. 102 pages
Maps of every variety and Map Cases.
Bend for illustrated Catalogue.
LITTLE
of the United State.-
RICHMOND, VIRGINIA.
1). J.
attention to
special
accessible points.
BUOAD W A Y.
JEST
Texas.
Houston,
400,000
YORK
HOUSTON,
OF
CAPITAL, $o 00,000,
Wm. C. Courtney.
f300.000
NEW
BANK.
THE CITY
WILMINGTON, N. C.
NORTH AMERICA.
Cash Capital
Gash Assets
D p >sit with
AND
Jkmtlievu JUuillevs,
BUSINESS.
The Gsianintee Co.
Incorporated 18
15 A Mi E II S
E. li. Burruss,
NO
(
Capital (Paid in)
GENERAL DOMESTIC
B A N KING B U81N ESS.
A
FO It EIG N
j
German
I5ALT2110SIE,
TRANSACT
We give
Geo. T. Hope,
W. G. Low,
David Dows.
A. S. Barnes,
G. G. William's.
Charles Dennis,
J.S.T. Stranuluin, H. A. Hurl uf,
Ale<. viiiehell.
A. B. Huii,
J. D Veri; ilye. S. B. ( hittenden
Geo. ?. Ooe,
Wm. M. Richards.
JSontits oi
inks,
;nt.
President
Brothers & Co.
Pres’t. A. G. Clarke,V.-PrcsT.
Cashier.
E. SllARi'K,
-
ST REET,
SOUTH
7
No. 179
Officials of
Company are accepted
Now York.
fu
BANKERS,
FIDKMTY ft CASUALTY CO.,
moderate charges.
C. A. Broadwater,
nished.
.
DEPOSITORY.
$250,000
a
Robert Garrett 6c Sons,
Ytturn dal (Co mpan Ice.
from this (Innnanv at
The bends of this
courts of the St ate of
SECURITIES
information
and
UNITED STATES
T.
M.
Capital,
AND BROKERS,
HALTDIOKE.
BANKERS
preme
National Bank,
HELENA,
Wilson, Colston 6c Co.,
PAIR I P CAPITAL, $1,000,000.
Designated as a legal Depository by order of Su¬
Mortgage
LIMITED,
COMPANY
mereial Paper.
Mills IliiiMing, 31
School,
Sold.
Fuei). R. Scott, Vice-Pres’t
HKANCII
COMMISSION
«&
4 0.,
31ERCIIANTS
RICHMOND, VIRGINIA.
Virginia Bends funded under the Funding Act
passed by the hist Legislature, fa/ Vk per cent, commis¬
sion:
New NorthCarolina H percent bo> ds, secured
by lien on the State’s stcck in the North Carolina
Railroad, for sale.
Olhcc
MAPPINGS, LINOLEUM, ETC.
and Ship Furnishing
Desired.
Specially
BAILEl & CO.,
Canal Street, New York.
TISEO. W.
271
Sc
273
Near Broadway
(through to 31 Howasd St.)
OFFICE
CARPETS.
HOUSEKEEPERS
AND
OCCUPANTS OF OF¬
carpets.
1)A LL’S
Before buying your
FICES take notice.
Linoleum. Oilcloths, or Matt ings, call at BEN
Misfit Carpet Store, 114 Fulton St., basement
Cheapest place in New
York,
tioor.
@FedFRASER